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Orange Markets $2 Billion of Loans as It Exits Banking in France
Orange Bank SA is selling about €1.9 billion ($2 billion) of loans as the unit of the French telecoms company pulls out of the financial services business.
Orange Bank SA is selling about €1.9 billion ($2 billion) of loans as the unit of the French telecoms company pulls out of the financial services business. The transaction involves three portfolios, mostly comprising home and consumer loans, according to people familiar with the matter who asked not to be identified because the details aren’t public. Binding bids are expected to be submitted in May, the people said.
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