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How to spend it

20 Dec 2021 By Lisa Jucca

The French bank has sold its U.S. retail arm for 14 bln euros in cash. BNP could invest a 7 bln euro windfall in the business, or swallow a mid-sized traditional player in Italy, where it has a base. The risk is that it goes big in a funkier sector like payments, and overpays.

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