trending Market Intelligence /marketintelligence/en/news-insights/trending/xhWkydKgi8K-DT4-OqQZtw2 content esgSubNav
In This List

Bank BGŻ BNP Paribas completes transfer of factoring unit to French parent

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Blog

Banking Essentials Newsletter: September Edition


Bank BGŻ BNP Paribas completes transfer of factoring unit to French parent

Bank BGZ BNP Paribas SA signed an executive agreement finalizing the sale of its unit BGZ BNP Paribas Faktoring Sp. z o.o to parent BNP Paribas SA, the Polish lender said Dec. 18.

The transfer of the ownership of BGZ BNP Paribas Faktoring shares to BNP Paribas will become effective Dec. 31.

Bank BGZ BNP Paribas announced the sale at the end of October, with the total price of the transaction amounting to 10.4 million Polish zlotys.

As of Dec. 18, US$1 was equivalent to 3.56 Polish zlotys.