Poste Italiane SpA (BIT:PST) entered into a framework agreement to acquire 40% stake in BNL Finance Spa. from BNL Gruppo BNP Paribas S.p.A. on December 23, 2020. Before selling the 40% stake to Poste Italiane, BNL Finance will transfer around €2 billion in loans to its parent company BNL.

BNL Finance S.p.A. Changed its name to Financit S.p.A. on July 1, 2021 .This transaction is subject to regulatory approvals and expected to close by the end of the first half of 2021. BNP Paribas SA (ENXTPA:BNP) acted as financial advisor to BNL Gruppo BNP Paribas S.p.A.