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BNP Paribas SA To Net EUR 200 Million from Belgium Portfolio Sale-Reuters


Monday, 29 Apr 2013 08:00pm EDT 

Reuters reported that BNP Paribas SA will make a EUR 200 million gain from the sale of a structured credit portfolio held by Belgium's Royal Park Investments (RPI). The Belgian finance ministry said that RPI had disposed of its asset portfolio through a block sale to Credit Suisse and Lone Star Funds, a specialist in buying distressed debt assets, for EUR 6.7 billion. BNP Paribas had EUR 200 million of equity capital in RPI as of March 2013. 

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