Four bidders in for Bank BPH
PR dla Zagranicy
Jo Harper
31.07.2015 14:01
Listed Polish Bank BPH is being eyed by four bidders – the Warsaw-listed insurer PZU, Italian group Unicredit, Polish investor Leszek Czarnecki and Spanish lender CaixaBank.
Photo: Wikimedia Commons
BPH has been put up for sale by GE Capital, with a deadline for offers 31 July.
Czarnecki is the controlling owner of the listed, Polish financial group Getin Holding and Getin Noble Bank.
The biggest surprise is the arrival in Poland of La Caixa, the third largest bank in Spain and strongly embedded in Catalonia.
At the end of March 2015, Bank BPH’s assets stood at PLN 32.1bn (USD 8.46bn).
Bank BPH was notified on 10 April that General Electric Company (GE) will reduce the size of its financial business GE Capital through the sale of a majority of its global assets, the Polish lender said in a stock market filing.
Bank BPH, in which GE holds an 87.23 percent stake, has a market capitalization of PLN 3.42bn (USD 902.2m), the Warsaw Stock Exchange data shows. (jh/rk)
Source: Puls Biznesu