October 19, 2016 / 5:35 AM / in a year

BNP Paribas in talks with insurer Matmut to create a joint venture-Les Echos

PARIS, Oct 19 (Reuters) - French bank BNP Paribas is in exclusive talks to create a damage insurance joint venture with mutual insurer Matmut, Les Echos newspaper reported.

According to a report last week on the subject in La Lettre de L‘Expansion newsletter, this joint venture would be 66 percent owned by BNP and could employ soe 750 peopele.

There was no immediate response to Reuters emails on the subject to BNP and Matmut. (Reporting by Andrew Callus; Editing by Mathieu Rosemain)

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