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BNP Paribas offers to buy RCS Group-Reuters

Wednesday, 9 Apr 2014 08:00pm EDT 

BNP Paribas SA:Offers to buy RCS Group for 2.65 billion rand ($253 million) from Foschini Group and Standard Bank-Reuters.RCS Group offers store credit cards and sells personal loans and insurance.Foschini owns 55 pct of RCS Group, with Standard Bank owning remainder. 

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