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BNP Paribas not planning SocGen bid: source
PARIS (Reuters) - French bank BNP Paribas <BNPP.PA> is not preparing a hostile takeover bid for embattled rival Societe Generale <SOGN.PA> but could be interested in a friendly deal, a source familiar with the bank's thinking said on Monday.
A French financial newsletter report on Monday that BNP was preparing a 93-euros-a-share offer for SocGen was "total rubbish," the source said.
"The idea of a bid has not been raised at all at board level," the source said. "What one could think about is a friendly approach. If at a certain stage Societe Generale management considers it intelligent to bolster the bank with a natural partner there could be something to do."
(Reporting by Yann Le Guernigou)
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