The Polish government did not bow to pressure following Parliament's resolution on Friday's declaring that foreign investors would be excluded from the privatization of bank PKO BP
Published:
9 October 2004 y., Saturday
The Polish government did not bow to pressure following Parliament's resolution on Friday's declaring that foreign investors would be excluded from the privatization of bank PKO BP.
The government stood firm and announced that the privatization process will be continued along its present course. The decision is a result of protests from foreign investors and legal opinions. "We consulted the Securities and Exchange Commission and the European Integration Committee. Withdrawing the tranche for foreign investors would be inconsistent with EU directives and the Accession Treaty," stated Treasury Minister Jacek Socha. The market was relieved at the news, "It means we are returning to normality," declared Millennium DM analyst Marcin Materna. However, Socha added that PKO BP's debut on the bourse may be postponed until 10 November due to "technical reasons."
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 Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010.
more »
In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates.
more »
Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year.
more »
The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group.
more »
"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee.
more »
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank.
more »
The euro area economy grew by 0.4% in the third quarter. Is the crisis over?
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank.
more »
The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region.
more »