|
Michel Pébéreau |
BNP Paribas’ e2.2 billion successful bid for the French government’s remaining 10.9% stake in Crédit Lyonnais has set up a battle for control of the former state-run bank.
By bidding so aggressively, Michel Pébéreau has shown the world that he’s in fighting mode. He’s not the only one.
Crédit Agricole and Société Générale are also interested in winning Credit Lyonnais’ hand. Indeed, the reason for the flotation of Crédit Agricole – which is the central bank for a network of regional branches – was to give it an acquisition currency.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
