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NewsMarch 6 2006

MAIN NEWS: BNP Paribas seeks critical mass with BNL

The $10.7bn bid by France’s BNP Paribas to acquire Italy’s sixth largest bank, Banco Nazionale del Lavoro (BNL), last month, marks not only the long-awaited resurgence of cross-border bank consolidation in Europe but also the importance of retail growth to BNP and the strategic integration impact of the euro.
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