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