BNP Paribas to Buy South Africa’s Cadiz Securities Unit, Les Echos Reports
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.
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