BNP in Talks With Credit Mutuel for Hungary Unit Sale

BNP Paribas SA is in talks to sell its consumer finance unit in Hungary to Credit Mutuel, people familiar with the matter said.

The discussions between the two French lenders are over a unit known as Magyar Cetelem Bank ZRT, said the people, who asked not to be named discussing private matters. Credit Mutuel’s Cofidis unit would acquire the business if an agreement is reached, they said.