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Country: France
Online bank founded by the Orange Group
News
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Orange Bank rejects Ripplewood takeover offer 13/01/2024
- Ripplewood, an American investment company, made an offer to take over Orange Bank, but this was rejected.
- Orange Bank is a subsidiary of telecom operator Orange. Orange Bank claims two million customers.
- Orange Bank has announced the closure of its online bank, which has accumulated over 1 billion euros in operating losses in five years.
- Orange has been in exclusive negotiations with BNP Paribas for six months to sell part of its customer portfolio in France and Spain.
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