Sanpaolo eyes €500m stake in Natixis

Italy's Sanpaolo bank is reportedly considering taking a 2% stake in Natixis, the agreed merger of French banks Caisse d'Epargne and Banque Populaire. Its investment could be worth up to €500m ($638m).

Sanpaolo, which is represented on Caisse d'Epargne's board, informed other board members that Sanpaolo could spin off two of the French bank's units and reinvest the money in Natixis, Agence France-Presse reports, citing unnamed sources.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump