BNP/ Societe Generale/ Paribas
Thursday, 1 April 1999
Featured In: April / May 1999 (Vol. 2 Iss. 2)
French banking group Société Générale has announced plans to merge with Compagnie Financière de Paribas. The US$17 billion deal would create the largest bank in France, and Europe’s third largest bank in terms of total assets. Following these announcements, on March 9 Banque Nationale de Paris launched a US$37 billion hostile takeover bid for the combined group.
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