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BNP Paribas SA acquires Bank Bgz SA in Poland from Rabobank Group

Thursday, 5 Dec 2013 12:46pm EST 

BNP Paribas SA:Says it has reached an agreement with Rabobank Group for the transfer to the company of the 98.5 percent stake held by Rabobank in Bank Gospodarki Zywnosciowej (Bank BGZ ) by valuing Bank BGZ at 4.2 billion Polish zlotys (approximately 1 billion euros).Says the completion of the transaction is subject to the execution of the final documentation and to the necessary regulatory approvals. 

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