PARIS—Shares in French bank BNP Paribas fell on Wednesday, after the Belgian state participation agency SFPI had said it was preparing the sale of a third of its 7.8 percent equity stake in the euro-zone’s biggest bank.
The Belgian state participation agency on Tuesday said it will dispose of around 2.7 percent in the French bank, reducing Belgium’s stake in the French lender to about 5.1 percent.
BNP Paribas shares were down 3 percent in early session trading on Wednesday.
Belgium became a shareholder of France’s BNP Paribas in 2008, following the bailout of the country’s financial group Fortis, which was taken over by the French lender as part of a state-backed rescue….