BNP Paribas in Talks to Sell Its Stake in Moroccan Bank BMCI

BNP Paribas BNP -0.53%decrease; red down pointing triangle said it has begun exclusive talks with Holmarcom Group to potentially sell its stake in Moroccan subsidiary BMCI.

The French financial services group said Friday that it was in discussions to sell its 67% stake in BMCI to Holmarcom, which already is a shareholder in the Moroccan bank.