BGŻ BNP Paribas has decided to issue 2.5 million series J shares and 10.8 million shares K series shares as part of a private subscription, the bank said. The purpose of the issue is to increase funds by approx. PLN 800 million.
The final number of new issue shares, and the issue price will be determined by the company’s management board after the bookbuilding process of the J series stock demand process, which is planned to be completed on June 14, 2018. It is expected issue will be concluded by June 19, 2018.
BGŻ BNP Paribas is a member of the international banking group BNP Paribas. At the end of 2017, its assets amounted to PLN 72.75 billion.