FILE PHOTO: The logo of Orange Bank is seen at the French telecom operator Orange headquarters in Issy-les-Moulineaux near Paris, France, June 3, 2021. REUTERS/Gonzalo Fuentes
PARIS (Reuters) - France's biggest telecoms group Orange said it would buy insurer Groupama's 21.7% stake in Orange Bank, its online banking unit, and also provide the bank with a 230 million euros ($266.4 million) capital increase.
"To strengthen the development of Orange Bank, Orange is continuing to invest in its bank", Orange said in a statement.
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