The news agency said “two banking sources” informed it that BNP intends to shore up its capital base and sell non-core operations, such as those in Egypt. Reuters added that one source said the company could make as much as $400m if the sale goes through.
A spokesperson for BNP Paribas would not confirm whether or not it is looking to sell but said the company “would examine any expressions of interest”.
Reuters said one of the sources suggested Qatar National Bank, the largest lender in the Gulf Arab state, is one of the parties to have expressed initial interest.
The sources were not named as the matter is not public.
