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After the gold rush

15 Nov 2021 By Liam Proud

The French bank may sell BancWest for up to $15 bln. Offloading the subscale unit makes sense, though a dearth of buyers means CEO Jean-Laurent Bonnafé may have to take a low price if he wants a clean break. The risk for investors is that he squanders the proceeds on risky M&A.

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