BNP Takes 22.5% Stake in Spain's Allfunds
21 Octubre 2019 - 2:37AM
Noticias Dow Jones
By Pietro Lombardi
BNP Paribas SA (BNP.FR) will take a 22.5% stake in Spain's
Allfunds as part of a strategic partnership, the French bank said
Monday.
No financial details of the deal, which is expected to be
completed by the end of next year, were disclosed.
Under the agreement, the parties will create a fund and
"wealthtech" platform, it said. BNP will also transfer some Italian
activities and services to Allfunds.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 21, 2019 03:22 ET (07:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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