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
Chinese companies invested 3.62 billion US dollars in non-financial sectors overseas in 2004, an increase of 27 percent year-on-year
more »
Azerbaijan plans to slash zeroes from its banknotes in a currency reform aimed at making it easier to use by the public starting in 2006
more »
The Czech privatization agency received five preliminary bids for a majority stake in the country's dominant telecommunications company
more »
The European Investment Bank plans to increase its loan portfolio this year to a record high of €45bn (£31bn) and to take greater risks in its lending strategy
more »
According to preliminary data, investments in Moldova's fixed assets grew 8 percent to $403.4m in 2004
more »
An International Monetary Fund mission led by Poul Thomsen, senior IMF representative to Russia, will arrive for a one-week visit to Moscow on February 9
more »
The bank admitted, though, that in acting as agent for Russian foreign trade operations it had taken a loan from a group of Chinese banks to fund Russia’s long-term exports to China
more »
Ukraine's new prime minister ordered the government Saturday to begin the process of returning Ukraine's largest steel mill to state control with the aim of putting the mill back up for auction
more »
The World Bank is planning to assist Russia in entering global markets by providing it with consultations and exchange of experience
more »
Foreign Ministry spokesman said on 3 February that Belarus's foreign trade rose by 40 percent year-on-year in 2004 to $30.1 billion, including $19.1 billion with CIS countries
more »