A meeting of the Board of BNP Paribas was called on 9 February 2006 and was held by the end of the afternoon of that same day. It unanimously approved the plan to acquire BNL and ratified the agreements concerning the acquisition of 48% of its capital.
12 out of 13 of the selling parties, which hold a total of 46.6% of BNL’s capital, have ratified the agreements to date. The last board meeting, that of Nova Coop, is scheduled to meet on Saturday 11th February.
Subject to regulatory approvals, BNP Paribas will launch a public offer to acquire the entire capital of BNL as announced previously.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, with a significant and growing presence in the United States and leading positions in Asia. BNP Paribas is the first bank in the Euro zone in terms of net income (2004). The group has one of the largest international banking networks, a presence in over 85 countries and employs more than 110 000 employees, including approximately 80,000 in Europe. BNP Paribas enjoys key positions in its three core businesses: Corporate and Investment Banking, Asset management & Services and Retail Banking.
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