BNP Sees $630 Million After-Tax Gain From Visa Europe Disposal

BNP Paribas SA said it expects to recognize a 565 million-euro ($630 million) after-tax gain in the second quarter from the disposal of its stake in Visa Europe.

The transaction will probably have a “negligible” impact on the bank’s common equity Tier 1 ratio, a key capital indicator, the Paris-based company said in a statement Monday. Visa Inc. last month won European Union antitrust approval to take over Visa Europe, which was owned by more than 3,000 banks.

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