Bayerische HypoVereinsbank (HVB) is holding talks with Polish investors
Published:
22 April 2003 y., Tuesday
Bayerische HypoVereinsbank (HVB) is holding talks with Polish investors in an attempt to float a part of its stake in Bank Austria Creditanstalt (BA/C A) on the Warsaw Stock Exchange (WSE). If this goes through it would be the first foreign company to debut on the Warsaw bourse.
According to Parkiet, on Thursday, HVB representatives met with WSE officials and the Securities and Stock Exchange Commission to discuss the matter. There are no legal obs tacles to BA/CA being listed in Warsaw. The group already has an extensive market presence in Poland and controls over 71% of WSE listed BPH-PBK, the third largest domestic bank in terms of net assets. HVB said earlier it wou ld try to raise between EUR 860 million and EUR 1.14 billion by selling a 2 5% stake on the WSE in BA/CA to avoid a rating downgrade after last year's loss of EUR 829 million.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Wincor Nixdorf International GmbH is successfully expanding its business activities in Ukraine
more »
Wincor Nixdorf supplies initial 50 ATMs to Cardpoint Germany and takes responsibility of the complete operation of the self-service estate
more »
Weakness of education system, high cost of living make it hard to attract top workers
more »
Share trading turnover jumped 62% from January to February on the Budapest Stock Exchange
more »
Latvia, the former Soviet state that's pressuring banks to clamp down on financial crime, has the most to do of any European Union member when it comes to tackling money laundering, a U.S. government report said
more »
Russia's foreign debt decreased USD9.2bn in 2004 to USD110.5bn as of January 1, 2005, the Russian Finance Ministry said
more »
Italy is going to increase by 50 percent the volume of investments in the Russian economy, Italian deputy industry minister Dr. Adolfo Urso said on Wednesday presenting in Moscow the program 2005
more »
In the course of Ukrainian President Viktor Yushchenko's visit to Germany on March 8 to 9, Naftogaz Ukrainy oil company and DeutscheBank signed a financing agreement worth EUR2bn
more »
Nokia and Hungarian operator Pannon GSM have signed an agreement for the expansion of Pannon’s GSM network and upgrade to EDGE in greater Budapest
more »
According to preliminary figures of the Central Statistics Office (KSH), Hungary’s foreign trade grew at a faster pace in 2004 than in previous years
more »