CaixaBank hires EY for Cetelem due diligence, leads bid for BNP Paribas unit

CaixaBank has engaged EY to analyze Cetelem's accounts, positioning itself as the main bidder to acquire BNP Paribas Personal Finance's commercial brand in Spain and Portugal. Due diligence is expected to conclude by end of November. The acquisition would expand CaixaBank's consumer finance footprint in Iberia, potentially reshaping the competitive landscape.

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