BANQUE NATIONALE DE PARIS TO RAISE CAPITAL
French state-owned Banque Nationale de
Paris is planning a one-for-10 capital increase in the next few
months, the bank announced at its annual press conference.
    BNP is planning to distribute one new share or investment
certificate for every 10 held.
    The French state is a 99.97 pct shareholder in the bank,
which is due for privatisation during the next five years under
the government's plan to return 65 state-owned banks, insurance
companies and industrial groups to the private sector.
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