Orange Bank Looking at Takeover Offer From Ripplewood
22 Diciembre 2023 - 2:51AM
Noticias Dow Jones
By Adria Calatayud
Orange Bank, the retail-banking business of French
telecommunications group Orange, has received a takeover offer from
U.S. investment firm Ripplewood that it is analyzing.
A spokesperson for Orange Bank said Friday that the business is
studying the proposal carefully, looking in particular at the
robustness of the financing plan and guarantees of job security.
Financial details of the proposal weren't disclosed.
Talks with Ripplewood and employee representatives are
continuing, and the offer has been presented to the bank's works
council, it said.
Ripplewood couldn't immediately be reached for comment.
Orange in June said it planned to pull out of retail banking and
that it had entered into exclusive negotiations with BNP Paribas,
with talks focusing on Orange Bank's customer portfolio in France
and the terms of a takeover of its business in Spain.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
December 22, 2023 03:36 ET (08:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Orange (NYSE:ORAN)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Orange (NYSE:ORAN)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024