BNP Buys Majority Stake In S.African Derivatives Biz

05 Aug 2011

BNP Paribas Corporate & Investment Banking has acquired a majority stake in the derivatives business of Cadiz Holdings, the South African financial services firm.

BNP Paribas Corporate & Investment Banking has acquired a majority stake in the derivatives business of Cadiz Holdings, the South African financial services firm. Under the agreement, BNP’s equities and commodity derivatives business and Cadiz Securities will work together to develop joint products.

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