Locked content Weekend gateways popular in Poland – report

As many as 68 percent of Poles go away for the weekend at least once a year, and every fifth Pole does it at least once a quarter, according to the Deutsche Bank study. “The popularity of the so-called city breaks, or a few-day holiday, whether in Poland or abroad, is influenced by the ever-wider an...

Locked content Deutsche Bank to sell 1.2 mln BZ WBK shares at PLN 380 apiece

Deutsche Bank sold 1.2 million shares (1.2 percent stake) in WSE-listed lender BZ WBK in an accelerated book building at PLN 380 apiece. The demand was over 2.5 times higher. “The shares were borrowed from Santander prior to the sale. After settling the placement to be held on February 20, the selle...

Locked content BZ WBK files DB Securities takeover motion to UOKiK

WSE-listed lender BZ WBK filed an application to takeover DB Securities to the antitrust watchdog UOKiK. “Bank Zachodni WBK SA based in Wrocław intends to purchase a separate part of Deutsche Bank Polska SA based in Warsaw and take sole and direct control over DB Securities SA based in Warsaw (DB Se...

Locked content BZ WBK takeover of Deutsche Bank Polska rating neutral – Fitch

Fitch rating agency analysts assume that the acquisition of a part of Deutsche Bank Polska will not affect the credit rating of BZ WBK, due to the small scale of transactions and the planned increase in BZ WBK’s capital in connection with the acquisition. “The transaction will increase BZ WBK&...

Locked content BZ WBK to buy Deutsche Bank’s Polish assets for PLN 1.3 bln

WSE-listed lender BZ WBK has signed a deal to buy Deutsche Bank’s Polish assets for PLN 1.29 billion. The deal will not cover DB’s FX mortgage portfolio as well as corporate and investment banking operations and its retained cost base. BZ WBK will pay 20 percent in cash and 80 percent in new shares....

Locked content BZ WBK close to buy Deutsche Bank Polska

WSE-listed lender BZ WBK has entered exclusive talks with Deutsche Bank Polska regarding the potential takeover Reuters said, citing two sources familiar with the matter. According to them both sides are negotiating the price and hopes to sign a deal before Christmas. Both banks declined to comment....

Locked content mBank not interested in Deutsche Bank Polish assets – CEO

According to the CEO of mBank, Cezary Stypułkowski, the WSE-listed lender is not interested anymore in acquiring Deutsche Bank Polska. He added that the potential takeover of Idea Bank is also off the table. “When it comes to business model, Idea Bank is not a right fit for us,” he explained, adding...

Locked content BZ WBK in the lead for Deutsche Bank Poland

BZ WBK is getting closer to buying Deutsche Bank’s Polish assets, according to Reuters. “Offers were submitted by BZ WBK and Millennium. But Millennium’s offer is too low. In these circumstances only BZ WBK’s offer is taken into consideration,” Reuters said, quoting a person familiar with the negoti...

Locked content mBank won’t be buying Polish Deutsche Bank assets – Reuters

WSE-listed lender mBank has reportedly withdrawn from running to buy Deutsche Bank’s Polish assets, Reuters reported citing sources close to the situation. BZ WBK and Millennium Bank remain at the negotiation table, with Millennium announcing back in July that it has entered the second phase o...