The bank for a changing world

Rearrangement of joint-ventures between BNP Paribas and Dresdner Bank in Central and Eastern Europe

  • 22.12.2000
BNP Paribas and Dresdner Bank have jointly decided to reorganize their activities in Central and Eastern Europe. Therefore, as previously announced, they are rearranging the ownership structure of the joint-ventures started in 1991 in the region.

Under the terms of an agreement which has just been signed, BNP Paribas will purchase the shares of Dresdner Bank in the joint-ventures in Poland, Hungary and Bulgaria, while Dresdner Bank will purchase the shares of BNP Paribas in the joint-ventures in Russia, the Czech Republic and Croatia, subject to the approval of local regulatory authorities.

Therefore, BNP Paribas and Dresdner Bank will respectively own 100 % of the subsidiaries that they are taking over, with the exception of Bulgaria, where the European Bank for Reconstruction and Development (EBRD) owns 20 % of the bank.

BNP Paribas and Dresdner Bank each intend to maintain and strengthen their commitments to clients in the countries where they are selling their participations.

While ending this form of regional partnership, the two banks are continuing their existing co-operation through their respective networks in France and Germany as well as by pursuing other activities to be developed for their mutual benefit.
Press contact(s)
Press contacts :
Michèle Sicard 33-1 40 14 70 61
Henri de Clisson 33-1 40 14 65 14