--Belgium's state participation agency SFPI is preparing a sale of a third of its 7.8% stake in BNP Paribas SA, reducing its shareholding in the French lender to about 5.1%, Reuters reports.
--Bookrunners told investors to submit stock orders that the deal was likely to price 64.96 euros ($68.71) per share, valuing the transaction at over $2 billion, Reuters says, citing messages from unnamed sources. Shares in BNP closed Tuesday at EUR66.15.
--BNP Paribas and SFPI could not immediately be reached for comment when contacted by Dow Jones Newswires.
Full story: https://reut.rs/3SFnxWV
Write to Ed Frankl at edward.frankl@wsj.com
(END) Dow Jones Newswires
03-01-23 0230ET