A year marked by the tie-up with BNP Paribas
Developments in 2009 reflected the shared commitment of all stakeholders to making a success of the tie-up between BGL and BNP Paribas.
On 13 May 2009, the BNP Paribas group became the bank's majority shareholder with a 65.96% interest, while the Luxembourg State remained a significant shareholder with a 34% interest. On 21 September 2009, the bank took the name BGL BNP Paribas, confirming the two partners' commitment to pooling their best resources to serve clients and the Luxembourg economy. On 25 November 2009, the BGL BNP Paribas Board of Directors, presided by Gaston Reinesch, approved BNP Paribas' industrial plan for Luxembourg. The tie-up will in particular entail the merger of BNP Paribas Luxembourg into BGL BNP Paribas at the end of 2010.
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