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Shares in BNP Paribas fell 2.6% following reports that the Belgian government is considering selling its 5.6% stake to fund an increase in defense spending. The potential sale, valued at approximately 4.84 billion euros, comes as Belgium aims to meet NATO's defense spending target of 2% of GDP.
Shares in BNP Paribas fell 2.6% after reports emerged that the Belgian government is considering selling its 5.6% stake in the bank to fund a defense budget increase. The potential sale, valued at approximately 4.84 billion euros, comes as Belgium aims to meet NATO's defense spending target of 2% of GDP.
Shares in BNP Paribas dropped 2.6% following reports that the Belgian government is considering selling its stake to fund a defense initiative aimed at increasing military spending to 2% of GDP, as agreed among NATO allies. The potential sale of 63.3 million shares is valued at approximately 4.84 billion euros. This decline comes after a significant rise in the stock, which had reached an 18-year high last week.
Alban Kacher
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Belgium considers selling BNP Paribas stake to fund defense spending
10:58 02.04.2025
Belgium considers selling BNP Paribas stake to fund defense spending
10:58 02.04.2025
bnp paribas shares drop as belgium considers selling stake for defense fund
10:58 02.04.2025
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