Politics
Belgian Government Facing Push to Sell 5.7% BNP Paribas Stake
Key Points
Belgian Government Facing Push to Sell 5.7% BNP Paribas Stake Belgium is ramping up efforts to divest from stakes it amassed in banks during the global financial crisis, with some in the government pushing to prioritize the sale of its 5.7% stake in BNP Paribas SA. The sale is not expected to take place in the immediate future and is not seen as tied to ongoing, contentious budget talks, according to people familiar with discussions. But there is a push within Prime Minister Bart de Wever’s...
Belgian Government Facing Push to Sell 5.7% BNP Paribas Stake
Belgium is ramping up efforts to divest from stakes it amassed in banks during the global financial crisis, with some in the government pushing to prioritize the sale of its 5.7% stake in BNP Paribas SA.
The sale is not expected to take place in the immediate future and is not seen as tied to ongoing, contentious budget talks, according to people familiar with discussions. But there is a push within Prime Minister Bart de Wever’s five-party government to sell the holding following the completion of other divestments.