Wells Fargo & Co. will acquire an energy-loan portfolio from BNP Paribas SA, the Financial Times reported Tuesday, citing people familiar with the matter.
The deal is set to be announced Tuesday, according to the report. The portfolio has a face value of $11 billion.
BNP and Wells Fargo declined to comment to the newspaper.
Full story at www.ft.com.
Copyright (c) 2012 Dow Jones & Company, Inc.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles