By Mauro Orru

 

BNP Paribas SA said Thursday that it is pursuing a full takeover of investment company Exane SA in a move to bolster its equity and derivatives services.

France's largest listed bank by assets didn't provide financial details for the contemplated deal to acquire Exane, of which BNP Paribas already owns 50%.

BNP Paribas has been in a partnership agreement with Exane since 2004.

"The long-standing and effective partnership with Exane provided our clients with superior access to the equity capital markets. We look forward to further enhancing our equities franchise and most actively supporting our clients as we join forces in an ever more integrated manner," said Yann Gerardin, BNP Paribas's head of corporate and institutional banking.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

March 11, 2021 02:39 ET (07:39 GMT)

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