In the short term, BNP Paribas will repay the French government the support it got due to the financial crisis. By issuing € 4,3 billion in stocks, BNP Paribas wants to pay off most of the stocks from the French government. Not France, but Belgium will be the largest stockholder of BNP Paribas, if the deal goes on. Even though Belgium will become the largest, it will have to participate in the increase of capital of BNP Paribas to prevent its position in the Frech bank from weakening.
Andries Geers
1 opmerking:
clear single focus and good flow
S1: got - received
S2: 4.3
S3: goes through
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