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
The European Commission has approved under EC Treaty state aid rules a Latvian support scheme to stabilise financial markets by providing guarantees to eligible banks to ensure their access to financing.
more »
Gathering in Beijing, China's political elite gather to celebrate three decades of China's economic reform and market liberalisation.
more »
After two days of intense negotiations, European leaders reached agreement on how to achieve the EU’s ambitious climate change goals and endorsed a €200bn plan to revive the flagging EU economy.
more »
Detroit won't get its bailout, as the U.S. Senate blocked the measure to rescue America's big three car makers.
more »
The world is facing “an acute food crisis”. That was the verdict of a report adopted by MEPs in the Agriculture Committee on 8 December.
more »
The European Commission has agreed a Communication that aims to improve the functioning of the food supply chain in order to lower prices for consumers.
more »
The World Bank's 2009 Global Economic Prospects report is projecting world growth will shrink to 0.9 percent next year.
more »
Prospects for a federal aid package to help the US auto industry advanced on Monday.
more »
A new report from Aite Group LLC explores possible regulatory and legislative responses to the current financial crisis, with particular attention paid to three key topics: consumer lending, risk management and deposit relationships.
more »
A new report from Mercator Advisory Group's Retail Banking Practice focuses on the ATM and the multifaceted role it plays in the retail banking market.
more »