Citigroup launches bid to acquire 66% of Polish bank

Article Abstract:

Citigroup Inc. offered a tender bid for a 66% stake at Poland's Bank Handlowy SA worth 2.7 billion zlotys (655.3 million euros) at 70 zlotys per share.

Brief Article, Citigroup Inc. (New York, New York), C, Bank Handlowy S.A.

Polish insurer to sell BBG stake

Article Abstract:

Deutsche Bank acquires a 4.99% stake in Big Bank Gdanski from polish insurer PZU Zycie which will give the bank influence on PZU's board.

Germany, Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Insurance industry, Deutsche Bank AG, DTBKY, PZU Zycie S.A., BIG Bank Gdanski S.A.

AIB to acquire an 80% stake in Polish lender

Article Abstract:

Allied Irish Banks (AIB) has reached an agreement to acquire 80% of Poland's Bank Zachodni SA. The deal brings to an end a period of commercial bank privatization in Poland. AIB will purchase Bank Zachodni for $582 million (563.3 million euros). The deal must first be approved by regulators. AIB also agreed to invest up to 850 million zlotys into Bank Zachodni.

Comment:

Allied Irish Banks (AIB) to acquire 80% of Poland's Bank Zachodni

Ireland, Abstract, Allied Irish Banks PLC, Bank Zachodni SA