News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

BNP Paribas pushes into equities with play for Exane acquisition

Move follows BNP Paribas' acquisition of Deutsche Bank's prime finance and electronic trading unit

BNP Paribas expansion in equities comes as many European rivals have scaled back their ambitions in equities trading
BNP Paribas expansion in equities comes as many European rivals have scaled back their ambitions in equities trading Photo: Getty Images

BNP Paribas is aiming to acquire the remaining 50% stake in Exane, the investment firm it already part owns, in a major play to grab a bigger share of the equities market as European rivals scale back.

The French bank is pushing to expand into the stock trading, and the acquisition would bolster its position in both cash and equity derivatives, it said in a statement announcing the deal.

WSJ Logo