Poles signed waiting lists Sunday for a chance to buy shares in their largest bank, using a signup system from communist times to impose order on the crush of interested investors
Published:
11 October 2004 y., Monday
Monday marks their first chance to register for shares in state-owned PKO Bank Polski, which intends to float 30 percent of its shares in central Europe's largest initial public offering of the year and Poland's biggest since a 1998 telecom IPO.
The government hopes the partial privatization will raise $1.6 billion.
PKO BP was giving ordinary Poles only Monday to sign up for a first batch of shares - a bottleneck expected to lead to jostling crowds outside its 950 nationwide branches. Police have said they will be on hand.
The government said Sunday it was raising the stock volume available for signup Monday to about 7 percent of the bank's share capital, from the 4 percent originally planned.
Šaltinis:
seattlepi.nwsource.com
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 World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk.
more »
The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis.
more »
Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased.
more »
According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions.
more »
The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey.
more »
On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107.
more »
Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures.
more »
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
more »
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA).
more »