Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

BNP Paribas to Buy Cadiz’s Securities Unit, Les Echos Says

August 4 (Bloomberg) -- BNP Paribas SA plans to buy 60 percent of the brokerage unit of Cadiz Holdings Ltd., Les Echos reported, without saying where it got the information.

The stake BNP is buying is worth about 10 million euros, the Paris-based newspaper said. Cadiz Chief Executive Officer Ram Barkai will respond to requests for comment at about 9 a.m. Johannesburg time, Sonia Jamoulle, a spokeswoman for Cape Town-based Cadiz, said in a text message today.

Cadiz on June 30 said it is in talks with an international bank about a potential transaction involving its securities business, without giving more detail.

Link to Company News:{BNP FP <Equity> CN <GO>} Link to Company News:{CDZ SJ <Equity> CN <GO>}

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.