Sale of SBI Life shares by BNP Paribas Group

Τετάρτη, 03 Απριλίου 2019 12:19

BNP Paribas announces the sale on the Bombay Stock Exchange of 50.74 million shares of SBI Life (i.e. 5.07% of its capital) by its insurance subsidiary BNP Paribas Cardif on 29 March 2019.
It is expected that this transaction will generate a capital gain after tax of about 300 million euros in BNP Paribas Group first quarter 2019.
Following this transaction, BNP Paribas Cardif will hold a stake of 7.70% in SBI Life capital.

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