Bnp Paribas, with the 14.4 billion collected in the US, becomes the dominus of mergers in Europe

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IThe French banking giant Bnp P aribas, a European leader with a market capitalization of almost 70 billion, sold its retail banking activities in the USA (Bank of West) to the Canadian BMO, which agreed to pay 16.3 billion dollars (14.4 billion euros ). A hyper valuation that has exceeded analysts’ expectations: with a multiple equal to 1.7 times the tangible assets, the selling price is about three times the average of the stock market valuation of European banks …