French bank BNP Paribas is among the financial institutions said to be in talks to acquire the 33% stake held by Spanish construction firm Sacyr Vallehermoso in French services and construction company Eiffage. Newspaper Les Echos reported that BNP Paribas, a former shareholder in Eiffage, is the latest in a series of banks studying the purchase of Sacyr's stake in its French rival. The other French banks and insurers cited are Axa, CNP Assurances, Caisse des Depots et Consignations and AGF, a unit of Germany's Allianz.
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