Belgium Government to Sell Part of Its Stake in BNP Paribas

By Noemie Bisserbe Features Dow Jones Newswires

The Belgium government said Wednesday it planned to sell a quarter of its stake in French bank BNP Paribas SA.

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Belgium will bring down its stake to 7.8% from 10.3% in BNP Paribas, according to a statement.

It didn't disclose the amount of the transaction.

A spokeswoman for BNP Paribas declined to comment.

(END) Dow Jones Newswires

May 03, 2017 17:25 ET (21:25 GMT)