BNP Paribas Sells 5% Stake in SBI Life Insurance
01 Abril 2019 - 1:46AM
Noticias Dow Jones
By Pietro Lombardi
BNP Paribas SA (BNP.FR) has further reduced its stake in SBI
Life Insurance Co. Ltd. (540719.BY), its Indian joint venture with
the State Bank of India.
The French bank's insurance arm, BNP Paribas Cardif, has sold a
roughly 5% stake in the company, cutting its holdings to 7.7%, BNP
said Friday.
France's largest listed bank by assets, which has been reducing
its stake in the joint venture, said it expects to post a capital
gain on the sale of about 300 million euros ($336.5 million) in its
first-quarter results.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
April 01, 2019 03:31 ET (07:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
BNP Paribas (EU:BNP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
BNP Paribas (EU:BNP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024