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    BNP   FR0000131104

BNP PARIBAS

(BNP)
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BNP Paribas SA signed an exclusivity agreement to acquire FLOA SA from Casino, Guichard-Perrachon Société Anonyme (ENXTPA:CO) and Banque Fédérative du Crédit Mutuel Société anonyme for approximately €260 million.

07/27/2021 EDT

BNP Paribas SA (ENXTPA:BNP) signed an exclusivity agreement to acquire FLOA SA from Casino, Guichard-Perrachon Société Anonyme (ENXTPA:CO) and Banque Fédérative du Crédit Mutuel Société anonyme for approximately €260 million on July 27, 2021. The proceeds will be equally divided between Casino and Banque Fédérative du Crédit Mutuel, representing €129 million for each company. In addition, BNP Paribas will become the exclusive provider and distributor of consumer credit solutions including split payment solutions for Casino Group customers through a commercial partnership to be set up with the Casino Supermarchés, Géant and Cdiscount banners. Cdiscount will continue to operate its bank card payments business with FLOA's support. The planned transaction is subject to consultation with the relevant employee representative bodies. Transaction is expected to be completed in the next quarters subject to the necessary approvals, in particular from France’s competition authority and the European Central Bank (ECB). Céline Appel Schneider and Sébastien Drouard Pwc Corporate Finance acted as financial due diligence provider while Maud Poncelet and François-Marc Venier of PwC Société d'Avocats, Accountancy Arm acted tax due diligence provider to Casino, Guichard-Perrachon Société Anonyme and Banque Fédérative du Crédit Mutuel Société anonyme. Yann Utzschneider, Emilie Rogey, Nathalie-Nègre Eveillard and Clara Hainsdorf of White & Case LLP (Paris) acted as legal advisors to Casino, Guichard-Perrachon. Matthieu Pouchepadass, Anne Robert, Marion M Interest, Laetitia Tombarello, Karine Sultan and Pierre Honoré of Bredin Prat & Associes acted as a legal advisor to Crédit Mutuel Alliance Fédérale for the transaction. Weil, Gotshal & Manges LLP, Paris advises Casino on corporate aspects and Herbert Smith Freehills Paris LLP advises BNP Paribas.


© S&P Capital IQ 2021
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Analyst Recommendations on BNP PARIBAS
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Financials
Sales 2021 46 047 M 53 965 M 53 965 M
Net income 2021 8 483 M 9 942 M 9 942 M
Net Debt 2021 - - -
P/E ratio 2021 7,95x
Yield 2021 6,97%
Capitalization 64 153 M 75 173 M 75 185 M
Capi. / Sales 2021 1,39x
Capi. / Sales 2022 1,38x
Nbr of Employees 193 319
Free-Float 86,9%
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Technical analysis trends BNP PARIBAS
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Mean consensus BUY
Number of Analysts 23
Last Close Price 51,36 €
Average target price 63,09 €
Spread / Average Target 22,8%
EPS Revisions
Managers and Directors
Jean-Laurent Bonnafé Chief Executive Officer & Director
Jean Lemierre Chairman
Bernard Gavgani Chief Information Officer
Yann Gérardin Chief Operating Officer
Nathalie Hartmann Head-Compliance
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