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BNP Paribas announces strategic investment into Allfunds

BNP Paribas has announced its intentions to place a strategic investment into Allfunds in a bid to further develop the fund supermarket’s distribution services. The investment will have BNP Paribas Securities Services and BNP Paribas Asset Management jointly receive a 22.5% strategic stake in Allfunds. The transaction is still subject to regulatory approval and is expected to close before the…

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