.
MergerLinks Header Logo

New Deal


Announced

Orange to acquire 21.7% stake in Orange Bank from Groupe Groupama for $266m.

Financials

Edit Data
Transaction Value£196m
Consideration TypeCash
Capital Owned-
Capital Bid For22%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Single Bidder

Friendly

France

Private

online banking

Minority

Pending

Banks

Acquisition

Synopsis

Edit

Orange, a France telecommunication company, agreed to acquire 21.7% stake in Orange Bank, an online banking unit, from Groupe Groupama, a French insurance group, for $266m. “To strengthen the development of Orange Bank, Orange is continuing to invest in its bank,” Stephane Richard, Orange CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US