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EC expected to set 3 April deadline to rule on BNP Paribas’ stake in Natixis’ SLIB

By Anne MacGregor ( February 25, 2008, 15:02 GMT | Insight) -- The European Commission is expected to set an initial 3 April deadline to rule on the acquisition of a minority stake in the capital of SLIB by BNP Paribas. The deal is designed to strengthen BNP Paribas' position among the main suppliers of clearing services in contact with the new multilateral trading platforms.The European Commission is expected to set an initial 3 April deadline to rule on the acquisition of a minority stake in the capital of SLIB by BNP Paribas. The transaction was notified in Brussels today. The parties announced on 17 July 2007 that they had signed a memorandum of agreement for the acquisition of 33.4 percent. MLex understands that the parties initially approached the regulator in the first week of August 2007....

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