Oddo completes capital raising ahead of BHF Kleinwort Benson buy

January 7, 2016 8:05 AM

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PARIS Jan 7 French private bank Oddo & Cie said on Thursday it had completed a 100-million-euro ($108 million) capital increase in a step towards its purchase of Anglo-German lender BHF Kleinwort Benson.

Oddo said the move saw French fund manager Boussard & Gavaudan, the Bettencourt-Meyers family which is the top shareholder in cosmetics maker L'Oreal and German insurer Allianz take a combined 7 percent of Oddo.

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