After two years, state-controlled German bank WestLB has finally found a buyer for its French private bank Banque d’Orsay, its third fire sale of assets since it was rescued by the government in 2008.

Family-owned French asset manager Oddo & Cie this morning confirmed the acquisition of Banque d'Orsay from WestLB, for an undisclosed price.

WestLB has found a buyer for its French private bank, its third fire sale of assets since it was rescued by the government.

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Oddo & Cie takes on WestLB's French bank

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