French Bank Bpce Will Sell Assets to Raise Eur5bn to Rescue Natixis Unit

Summary


MANAVIGATOR-November 30, 2009-French bank BPCE will sell assets to raise EUR5bn to rescue Natixis unit (C)2010 M2 COMMUNICATIONS http://www.m2.com

French banking group BPCE will have to dispose of assets to raise the EUR5bn (USD7.53bn) it needs to rescue its Natixis (EPA:KN) investment bank unit, French financial newsletter La Lettre de L'Expansion reported on Monday without citing sources.

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French Bank Bpce Will Sell Assets to Raise Eur5bn to Rescue Natixis Unit

La Lettre sees BPCE's propert...

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