(Reuters) - Les Echos said SocGen head Daniel Bouton had hired investment banks to advise on a tie-up with BNP which could create a combined group ranking first in France by market value and third in Europe as a whole.
The deal could shield SocGen from any unwanted approach from other European suitors but would threaten extensive job cuts due to the overlapping branch networks of the two lenders, making it potentially politically controversial.
Read more at Reuters.com Mergers News
The deal could shield SocGen from any unwanted approach from other European suitors but would threaten extensive job cuts due to the overlapping branch networks of the two lenders, making it potentially politically controversial.
Read more at Reuters.com Mergers News
No comments:
Post a Comment