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Press Release

Under a partnership agreement linking Albert Frère and his family with BNP Paribas, it was agreed at the time of the takeover bid for the investment company Compagnie Nationale à Portefeuille (CNP) in 2011 that the Frère Group would purchase the remaining stake held by BNP Paribas in ERBE, the parent company of CNP, in several tranches between March 2016 and March 2028.
These operations have now been brought forward today through the purchase by the Frère Group of the entire BNP Paribas shareholding in ERBE. This financial transaction will in no way alter the excellent relations which the two groups have enjoyed for almost five decades and which will continue, to the mutual benefit of the two parties going forward.

About BNP Paribas
BNP Paribas ( has a presence in nearly 80 countries with 190,000 employees, including 145,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.

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