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New Business Organisation

BNP PARIBAS BNL Committed to Delivering the Synergies Total 2009 AMS Synergies -18 13 41 36 36 in €mn Gross Revenue Marginal Costs Cost Synergies Total Synergies Synergies 75 projects aimed at delivering €36mn synergies Grupp BNP PARIBAS Asset Management and Services 97
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