GBP acquires Foncia stake for EUR 800 mln

By A staff reporter 2007-01-15T00:00:00

Paris-based bank Groupe Banque Populaire (GBP) has agreed to acquire a 60.93% stake in the property management company Foncia Groupe for around EUR 800 mln. Banque Popularie, France's fifth-largest bank, is acquiring the shares from the founder Jacky Lorenzetti and his family holding company SEIP, which will retain about a ...

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