Bank BGŻ (Poland) announced on Friday that two consortia are negotiating the purchase of its shares
Published:
10 June 2004 y., Thursday
Bank BGŻ announced on Friday that two consortia are negotiating the purchase of its shares. The bank's president, Jacek Bartkiewicz, did not disclose any names, but the consortia are made up of both financial and sector investors who want to keep the stocks for 3-5 years.
The drawn out negotiations have forced the shareholders to postpone increasing the bank's equity from June to the end of October. Next year, the bank plans another share issue and consequently, the Treasury Ministry's share in BGŻ will drop to less than 50%. The Ministry will still, however, maintain control over the bank's supervisory board, as outlined in the bank's statute until the state's share in BGŻ drops below 25%.
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 approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »