Wells Fargo Bank acquires BNP Paribas
Wells Fargo Bank, part of Wells Fargo & Co., announced today that it has closed the acquisition of the North American reserved-based and related diversified energy lending business of BNP Paribas, BusinessWire reported.
The acquisition adds to Wells Fargo’s strong presence in the energy industry, with approximately $9.4 billion of loan commitments, $3.5 billion in loans outstanding at closing, and approximately $300 million of additional financing commitments over the next 60 days.
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