Key Developments: BNP Paribas SA (BNPQF.PK)
53.75USD
25 Apr 2013
$-0.35 (-0.65%)
$54.10
$53.75
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$53.75
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462
$64.18
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Latest Key Developments (Source: Significant Developments)
BNP Paribas SA's A+ Rating Confirmed by Fitch; Outlook Stable-L'Agefi Quotidien
L'Agefi Quotidien reported that Fitch confirmed BNP Paribas SA's A+ rating with a stable outlook. Full Article
BNP Paribas SA Launches New Online Banking Service
BNP Paribas SA announced the launch of Hello bank!, a new online bank offering banking services available via mobile phones, tablets or the internet. Hello bank! has launched in Belgium and Germany and will also launch in France on June 17, 2013 and in Italy in October 2013. Full Article
BNP Paribas SA Proposes Share Repurchase Program
BNP Paribas SA announced that it proposed its General Assembly of May 15, 2013 to approve a share repurchase program regarding up to 10% of the Company's capital, what reflected on January 9, 2013 124,226,196 of the Company's shares. According to the maximal purchase price set at EUR 60, the total value of the shares to be repurchased amounts to EUR 7,453 571,760. The Company itself held on May 10, 2013 2,783,339 of the shares, representing 0.22% of its capital, thus a total amount of 121,442,857 shares, representing 9.78% of its capital and worth EUR 7,286,571,420 can be repurchased. The program is to last until November 14, 2014. Full Article
BNP Paribas SA To Net EUR 200 Million from Belgium Portfolio Sale-Reuters
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. Full Article
Belgium May Sell BNP Paribas SA Or Belgacom SA Stake In Austerity Drive-Reuters
Reuters reported that Belgium is considering selling off stakes in BNP Paribas SA or Belgacom SA as it looks for ways to rein in its budget deficit. It is considering selling its 10% stake in BNP Paribas, worth about EUR5 billion ($6.4 billion), according to the unsourced reports in De Tijd and L'Echo. Full Article
BNP Paribas SA Issues Bonds Convertible into Pargesa Holding Shares-Reuters
Reuters reported that BNP Paribas SA is to issue bonds convertible into Pargesa Holding Shares worth EUR 230 million, with the possibility of extending the issue to EUR 265 million. The bonds have a maturity of 3.5 years and bear a coupon of between 0.000% and 0.375%, payable annually. Full Article
BNP Paribas SA's BNP Paribas Real Estate Acquires Imoplan-L'Agefi Quotidien
L'Agefi Quotidien reported that BNP Paribas SA's BNP Paribas Real Estate acquired Imoplan, a company which manages more than 2 million square meters of property in Germany. The financial terms of the deal were not disclosed. Full Article
BNP Paribas SA Announces FY 2012 Dividend Proposal
BNP Paribas SA announced that it will recommend at the annual general meeting the distribution of a dividend of EUR 1.5 per share for full year 2012. Full Article
Emirates NBD Bank PJSC and BNP Paribas SA Sign Agreement for the Sale of BNP Paribas Egypt for USD 500 Million
Emirates NBD Bank PJSC and BNP Paribas SA (BNP Paribas) announced that they have signed a definitive agreement whereby BNP Paribas SA will sell its entire 95.2% stake in BNP Paribas Egypt SAE (BNP Paribas Egypt) to Emirates NBD Bank PJSC, subject to Central Bank of Egypt approval and other regulatory approvals in Egypt and the United Arab Emirates. Emirates NBD Bank PJSC will simultaneously offer to acquire the remaining 4.8% of BNP Paribas Egypt from its minority shareholders at the same price. The total consideration to be offered by Emirates NBD Bank PJSC for 100% of BNP Paribas Egypt under the transaction is USD 500 million. This represents a multiple of 1.6 times the book value as of September 2012. The transaction is expected to close by the end of the first quarter of 2013. Full Article
BNP Paribas SA's BNP Paribas Investment Partners Sells Fauchier Partners to Legg Mason Inc-Reuters
Reuters reported that Legg Mason Inc will buy Fauchier Partners, a London-based fund-of-hedge-funds firm, from BNP Paribas SA's BNP Paribas Investment Partners. Financial terms of the deal, which is expected to closed in the first quarter of 2012, were not disclosed. Full Article
New Issue-KDB prices 500 mln euro 2018 bond
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