Natixis and BHF-Bank consider equity market deal
11 December 2017 Paris
Image: Shutterstock
Natixis and BHF-Bank are considering a long-term partnership to gain market shares in continental Europe.
By combining their equity research and sales teams, the two financial services aim to offer investors and issuers a partnership that will meet regulatory changes brought in by the second Markets in Financial Instruments Directive, due for implementation on 3 January 2018.
According to Natixis, the partnership will include the transfer of Natixis’ equity broking and equity research activities in France to BHF-Bank.
The partnership will also mean Natixis would gain a 5 percent acquisition of equity interest in BHF-Bank.
For Natixis, the partnership promises to strengthen its position on primary equity markets, which could increase its capital increases and initial public offering.
BHF-Bank is looking to advance its equity brokerage and equity research to increase its market reach in France, and to also extend its coverage on German stocks.
Natixis said: “The new team created by BHF-Bank would cover 600 stocks, including 220 in France and 130 in Germany, and thereby cover over 80 percent of the main benchmark indices in France and Germany.”
It added: “Natixis would rank third in terms of the number of equity capital markets deals in France, with over 45 transactions led on behalf of French issuers over the last three years and 22 since the start of 2017.”
By combining their equity research and sales teams, the two financial services aim to offer investors and issuers a partnership that will meet regulatory changes brought in by the second Markets in Financial Instruments Directive, due for implementation on 3 January 2018.
According to Natixis, the partnership will include the transfer of Natixis’ equity broking and equity research activities in France to BHF-Bank.
The partnership will also mean Natixis would gain a 5 percent acquisition of equity interest in BHF-Bank.
For Natixis, the partnership promises to strengthen its position on primary equity markets, which could increase its capital increases and initial public offering.
BHF-Bank is looking to advance its equity brokerage and equity research to increase its market reach in France, and to also extend its coverage on German stocks.
Natixis said: “The new team created by BHF-Bank would cover 600 stocks, including 220 in France and 130 in Germany, and thereby cover over 80 percent of the main benchmark indices in France and Germany.”
It added: “Natixis would rank third in terms of the number of equity capital markets deals in France, with over 45 transactions led on behalf of French issuers over the last three years and 22 since the start of 2017.”
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