Source: Reuters (via feed)
BNP Paribas is avoiding major cross-border acquisitions, said Lutz Diederichs, head of its German unit. He said the bank is opting instead for smaller and less-complicated deals.
Diederichs described this approach during a statement on BNP Paribas’ current deal preferences in Germany. The bank’s strategy focuses on simpler transactions rather than large-scale mergers.
No additional details on BNP Paribas’ acquisition plans were provided.
BizTrendWire Insight:
BNP Paribas is prioritizing smaller and less complex deals in its German market operations.
BNP Paribas is prioritizing smaller and less complex deals in its German market operations.
