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–Austria’s Erste Group Bank AG is in advanced talks to buy the Czech consumer-finance business of French lender BNP Paribas SA, Bloomberg reports, citing unnamed sources.
–A deal could be announced in the coming weeks but isn’t certain to be sealed, Bloomberg reports, adding that the business has the equivalent of some $463 million in loans and a share of more than 20% of the Czech credit-card market.
–Spokespeople for the two banks declined to comment to Bloomberg.
Full story: https://bloom.bg/3zA6igV
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
04-05-23 1302ET
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