The new CEO of BNP Paribas, which was foiled in its attempt last year to acquire Credit Lyonnais, says the bank is still “actively” seeking to spend some of its Euros 5-6 billion warchest on acquisitions as well as the share buy back programme it has launched. Likely targets were once thought to include Commerzbank and HVB in Germany, but Baudouin Prot indicated to the Financial Times that expansion of the Banc West operation was likelier. “Most back office synergies can be achieved without close geographical synergies,” he said.
BNP Paribas 'Actively Searching' For Acquisitions
The new CEO of BNP Paribas, which was foiled in its attempt last year to acquire Credit Lyonnais, says the bank is still "actively" seeking to spend some of its Euros 5 6 billion warchest on acquisitions as well as
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