- BNP Paribas (“BNPP”) is a leading global universal bank headquartered in France providing solutions to private and institutional clients, as well as to other financial institutions.
- BNPP has undergone a strategic review and decided to divest its Singapore based trust business, BNP Paribas Singapore Trust Corporation Limited (“STC”), servicing the Asian markets, to an independent and specialised service provider. BNPP signed an agreement to sell STC through a share deal to Zedra Holdings (“Zedra”).
- Zedra is a global specialist in trust, corporate and fund services. Zedra is rapidly growing, also through acquisitions across various jurisdictions such as the Isle of Man, Switzerland and Nordic markets.
- CFM advised BNPP exclusively on the sale of its Singapore based trust business.