Belgium to Sell Part of BNP Paribas Stake for More Than $2 Billion

Belgium to Sell Part of BNP Paribas Stake for More Than $2 Billion
A BNP Paribas bank building in Paris on Feb. 24, 2023. Sarah Meyssonnier/Reuters
|Updated:

PARIS—Shares in French bank BNP Paribas fell on Wednesday, after the Belgian state participation agency SFPI had said it was preparing the sale of a third of its 7.8 percent equity stake in the euro-zone’s biggest bank.

The Belgian state participation agency on Tuesday said it will dispose of around 2.7 percent in the French bank, reducing Belgium’s stake in the French lender to about 5.1 percent.