BNP Paribas was pleased to learn on 7 August 2000 that the Banking and Financial Commission (Commission Bancaire et Financière) has authorized the offer it filed on 13 June to purchase the remaining shares of Cobepa that it does not already hold, at a price of euros 74 per share.
BNP Paribas has proposed focusing Cobepa's business on private equity, while maintaining some of its partnership activities. Cobepa will become the Group's main private equity investment arm, thus creating interesting prospects for shareholders as well as a project that will mobilize the company's teams.
Although BNP Paribas was not required to do so, it proposed a choice of exit scenarios for shareholders that do not wish to participate in the new project in the offer filed on 13 June.
The precise conditions of the offer will be communicated to the market in the days ahead.
BNP Paribas has proposed focusing Cobepa's business on private equity, while maintaining some of its partnership activities. Cobepa will become the Group's main private equity investment arm, thus creating interesting prospects for shareholders as well as a project that will mobilize the company's teams.
Although BNP Paribas was not required to do so, it proposed a choice of exit scenarios for shareholders that do not wish to participate in the new project in the offer filed on 13 June.
The precise conditions of the offer will be communicated to the market in the days ahead.