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Section is hard to understand: The escape of Paribas[edit]

The section currently says this:

In 1981, to thwart the nationalization of Paribas desired by François Mitterrand, newly elected president, Paul Desmarais launches in the company of Albert Frere and other European businessmen in Operation Noah's Ark . It was to recover the Belgian subsidiaries (Copeba) and Swiss Paribas (Paribas Switzerland), launching a public exchange offer through a Swiss company, Pargesa. The operation fails, but allows Paul Desmarais bind to important financial and European politicians.

I'm not sure how to parse this, and I can't really make any sense of it. Is there anyone who understands this who could rephrase it to make it more comprehensible? --Doradus (talk) 12:13, 3 July 2013 (UTC)[reply]

The paragraph is from the french article, and I translate it as:

In 1981, in an effort to avoid Paribas’s nationalization – which the newly-elected Francois Mitterand was seeking – he instituted operation “Noah’s Ark” in conjunction with Albert Frere and a group of other European businessmen. This involved taking control of Paribas subsidiaries Cobepa of Belgium and Pargessa of Switzerland. The attempt failed, but allowed Desmarais to connect with important European financiers and politicians. [citation needed]

Since there isn't a citation, I'm leaving it here on the Talk page, though I suspect it was important. Someone may want to check sources and add it to the article. alacarte (talk) 13:26, 23 August 2018 (UTC)[reply]

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