bnpparibas
The French financial services major, BNP Paribas, disclosed on Thursday a first-quarter pre-tax income of €4.36 billion ($4.67 billion), showing growth from €4.06 billion in the corresponding quarter of the previous year. Net income, however, slightly declined to €3.10 billion from €3.17 billion last year. Earnings per share for the quarter stood at €2.51. Revenue for the quarter amounted to €12.48 billion, marginally down from €12.53 billion last year. The board is expected to propose a dividend of €4.60 per share. The company also confirmed the finalization of a share buyback program totalin...
DPA Breaking News
The French financial services major, BNP Paribas, will acquire China's Fosun Group's stake in Belgian insurer Ageas for about €730 million ($777 million), the company said on Sunday. BNP Paribas noted that the acquisition will be performed in two tranches; 4.8% of the issued shares in the coming days and the balance following the receipt of mandatory regulatory approvals. In a separate press release, Ageas confirmed that BNP Paribas has signed an agreement with Fosun to acquire an approximately 9% stake in the share capital of Ageas, taking over Fosun's shareholding in the capital of the compa...
DPA Breaking News
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