Orange : A slightly positive exit from the bank
>A reasonable exit cost - Orange has entered into talks with BNP Paribas to sell its Orange Bank business of close to 2 million clients in France and Spain. Orange will retain the legal structure and workforce with the target of its definitive closure in mid-2025. The group anticipates an exit cost of ~€ 200m, including losses (€ 118m in 2022, showing a slight improvement) and restructuring charges. This implies a sale price of more or less zero for the client base. A...Orange provides consumers, businesses and other telecommunications operators with a wide range of services including fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other services. Co.'s portfolio comprises business lines (fixed-line, mobile, Internet), focusing on all customer segments (small and medium-sized businesses, multinationals), and personal and professional services for home, office, travel, and mobile. Co. manages eight operating segments: France, Poland, Spain, Rest of the Europe, Africa and Middle East, Other non-controlling equity interests, Enterprise Communication Services, and International Carriers and Shared Services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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