The latest French government sale of shares in engine-maker Safran could not have come at a better time for BNP Paribas, which has got some serious work to do if it wants to get close to the top of the French equity capital markets rankings this year.
Until Monday night’s €1.24 billion deal – the biggest equity trade in France so far this year – the bank was languishing in a lowly seventh place for straight equity transactions in France, according to Dealogic, with less than $150 million of league table credit from nine transactions.
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