Natixis hikes outlook, plans to sell businesses

Shares in French bank Natixis (KN.FR) rose on Thursday after it raised guidance and said it was planning the sale of retail activities to parent BPCE SA. Natixis said Wednesday that it is considering selling its consumer-financing, factoring, leasing, sureties-and-guarantees, and securities-services businesses to BPCE for 2.7 billion euros ($3.1 billion).

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