BNP Paribas tipped to buy Cogent

Friday 10 May 2002 at 16:00

BNP Paribas, the French owned banking group, has been tipped as the likely buyer of Cogent, the investment administration group.

Cogent, owned by Australian insurer AMP, administers funds totalling £140bn (€224.4bn) for a range of clients including Henderson Global Investors, Vontobel and Aberdeen Asset Management.