Alior makes tender offer for 66% of Bank BPH

Alior Bank on Monday announced a tender offer to buy 66 percent of the shares in Bank BPH at PLN 31.18 per share, Reuters informed. The offer is a part of the acquisition of domestic rival BPH's core business, making Alior the ninth-largest lender in Poland, Alior said in a statement. Bank BPH shareholders can subscribe to the offer from August 1 to August 16, the statement added.