Announced
Synopsis
BNP Paribas, an international bank, agreed to acquire the remaining 50% stake in bpost bank, a Belgian bank. Financial terms were not disclosed. "Today bpost and BNP Paribas Fortis announce their intention to change their current (50/50) partnership in bpost bank. In the future partnership between bpost and BNP Paribas Fortis bpost would continue to offer the financial products across its post office network and BNP Paribas Fortis would acquire bpost’s share in bpost bank, becoming its sole shareholder. The aim is to finalize the whole transaction by the end of 2021, subject to all approvals," BNP Paribas.
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