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BNPP returns with second tranche of Pargesa

BNP Paribas returned to the equity-linked market on Thursday to effectively offload the remainder of its stake in Pargesa, the Swiss-listed holding company that owns 50% of Groupe Bruxelles Lambert. The opportunistic move to sell a €250m 3.5 year exchangeable followed a similar, €325m offer in September 2012.

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