BNP Paribas to acquire the remaining 50% stake in bpost.

BNP Paribas, a French international banking group, agreed to acquire the remaining 50% stake in bpost, a commercial bank. Financial terms were not disclosed. In the future partnership between bpost and BNP Paribas Fortis, bpost will continue to offer the financial products across its post office network and BNP Paribas Fortis will 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 the requisite regulatory approvals.