Word: pargesa
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...never made it illegal for them to do so. Seizing on that loophole, Paribas reduced its stake in its Swiss subsidiary, Paribas Suisse S.A., from 72% to less than 50%, thus allowing other interests to gain control. While this was going on, a little-known Swiss holding company named Pargesa S.A. was receiving what seemed to be a miraculous infusion of capital: its assets ballooned from $25,000 to $140 million in a month's time. The owners of the newly rich Pargesa, it turned out, were the Becker Group Inc., an American subsidiary of Paribas, together with Canadian...
| 1 |