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
According to a report published yesterday by Merril Lynch, no other member country has gained more than Poland from EU accession
more »
Russia is negotiating the early repayment of its Paris Club debt, President Vladimir Putin said yesterday
more »
According to reports, the owner of Eurobank is ready to sell the company for $150-180 million
more »
At a cabinet meeting on 1 February, Kazakh President Nursultan Nazarbaev criticized state-owned companies, banks and large holding companies for holding too many noncore assets
more »
Commission rallies EU governments to collective economic cause
more »
Lithuania offers the lowest tax-to-GDP ratio in the EU
more »
International ratings agency Standard and Poor's has raised Romania's credit outlook to positive from stable, the Rompres news agency reported Tuesday
more »
Member States need to embrace reform more decisively to create more growth and jobs, EU Commission reports show
more »
Jan Rokita, tipped to become Poland’s prime minister after 2005 elections, wants swift public finance reforms including a weaker role for the finance minister in creating annual budgets
more »
Latvia’s Parex banka posts 12 pct profit growth to EUR 21.3 mln for 2004
more »