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

03-01-23 0350ET