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Orange considers relinquishing control of banking subsidiary – report

Thursday 4 March 2021 | 08:14 CET | News
Orange is looking to reduce its exposure to banking services and has selected Barclays to find potential partners willing to invest in the Orange Bank subsidiary, reports Les Echos citing unnamed sources. The plan emerged earlier this week when French weekly newspaper Le Canard Enchaine asked Orange to comment on the story. CEO Stephane Richard reacted by noting that the group had no aspiration to be a banker and that it created Orange Bank to prove it could innovate.

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Categories: Mobile & Wireless
Companies: Orange
Countries: Europe / France
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