- (PLX AI) - BNP Paribas reached an agreement with BMO for the sale of Bank of the West
- • BNP Paribas total consideration of USD16.3 billion in cash
- • BNP Paribas sale of U.S. retail & commercial banking expected to close during 2022
- • BNP Paribas total consideration represents 1.72 times Bank of the West's Tangible Book Value
- • BNP Paribas Transaction will one-off capital gain of approximately 2.9 billion euros
- • Consideration represents 1.72 times Bank of the West's Tangible Book Value and 20.5% of
- BNP Paribas market capitalisation
- • Bank of the West has contributed an average of approximately 5% to the Group pre-tax earnings over the last few years.
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