BNP Paribas Fortis SA (ENXTBR:017250539) reached a non-binding agreement to acquire remaining 50% stake in bpost banque SA from bpost SA/NV (ENXTBR:BPOST) for €120 million on December 23, 2020. bpost and BNPPF have the intention to sign binding agreements by the end of March 2021. The transaction is subject to customary conditions, including competition and other regulatory approvals. As of June 30, 2021, BNP Paribas and bpost SA/NV have sought approval from the European Commission. The EU antitrust has set August 4, 2021 as the deadline for concluding the inquiry. As of January 4, 2022, the regulators (the National Bank of Belgium and the European Central Bank) approved the transaction, in December 2021. The transaction is expected to close by the end of 2021. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to bpost SA/NV. Baele, Felice ; Bayart, Christian ; Bomble, Noemie ; De Waele, Niels ; Declerck, Thomas ; Dubois, Marie-Elisabeth ; Everaert, Joost ; Fall, Alexandre ; Franceus, Bart ; Hautekiet, Juno ; Jacobs, Piet ; Kierszenbaum, Sylvia ; Lecomte, Astrid ; Leleu, Maxime ; Mertens, Thales ; Ninane, Florence ; Réco, Antoine ; Van de Voorde, Wouter ; Van Dyck, Peter ; Van Espen, Evelien ; Van Espen, Lore ; Verhoeven, Bert ; Verschoot, Steven ; Voet, Frederik of Allen & Overy LLP (Brussels) acted as legal advisor to BNP Paribas Fortis.

BNP Paribas Fortis SA (ENXTBR:017250539) completed the acquisition of bpost banque SA from bpost NV/SA (ENXTBR:BPOST) on January 3, 2022.