BNP Paribas poised to seal BNL

BNP Paribas, the French banking group, is expected to get final agreement that shareholders of Italy's Banca Nazionale del Lavoro will sell it 48%. The French bank is offering to buy BNL for €9bn ($10.7bn).

The BNP Paribas board has approved the purchase and 12 of the 13 Lavoro shareholders have committed to sell.

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