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BNP Paribas Asks Regulator For Permission To Buy Up To 20% Of Credit Lyonnais

BNP Paribas announced today that it has applied to the CECEI for permission to hold between 10 and 20% of the capital of Credit Lyonnais. BNP Paribas added that it had told the board of Credit Lyonnais it wants a

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BNP Paribas announced today that it has applied to the CECEI for permission to hold between 10 and 20% of the capital of Credit Lyonnais.

BNP Paribas added that it had told the board of Credit Lyonnais it wants a prompt start to discussions on joint initiatives, and two seats on the board of Credit Lyonnais.

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