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BNP Paribas might bid for RBS Romania

According to local media, citing people with knowledge of the matter, BNP Paribas might bid for RBS Romania which is up for sale by its parent.

Besides BNP Paribas, the short list of potential bidders includes OTP and two British private equity funds. RBS (the former ABN AMRO) is the 13th largest bank in Romania with assets of EUR 1.4 bn as of end-2010. We view this piece of news as negative for BRD-GSG's shares since a potential entry of BNP Paribas on the market will mean increased competition for French enterprises with operations in Romania.

Sursa: http://www.rciro.ro

Tags: paribas romania rbs brd otp

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