BNP Said to Weigh Sale of East Europe Assets to Raise Cash (1)

Feb. 10, 2022, 4:10 PM

• French bank reviewing options for some consumer finance assets
• A sale could help BNP Paribas raise more than $500 million

BNP Paribas SA is considering a sale of its consumer finance business in some central and eastern European countries as it continues to streamline its portfolio to raise cash, according to people familiar with the matter.

The French bank is working to gauge buyer interest for its BNP Paribas Personal Finance operations in markets including Bulgaria, Romania, Hungary and the Czech Republic, the people said. A sale could value the assets at more than $500 million, the people said, asking not to be identified discussing confidential information.

Deliberations are in the early stages and no final decisions have been taken, …

Manuel Baigorri

Bloomberg News

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