By Sarah Sloat

Shares in BNP Paribas SA fell Wednesday following a report that Belgium was preparing a partial sale of its stake in the French bank.

Citing Belgium's state participation agency SPFI, Reuters said Belgium would sell a third of its 7.8% equity stake. The agency will dispose of around 2.7% in the bank, reducing Belgium's stake to about 5.1%, Reuters said.

At 0824 GMT, BNP shares traded 2.9% lower at EUR64.24.

BNP Paribas and SFPI couldn't immediately be reached for comment.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

March 01, 2023 03:50 ET (08:50 GMT)

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