Banco Commercial cleared to buy 10-20% of BIG BG

BCP already owns 5.4% of BIG BG and cooperates equally with it on a $140 million Millennium bank retail network. The Millennium network will have 250 outlets by the end of 2001 including four recently opened branches in the Tri-city (Gdansk, Gdynia, Sopot). In regions were BIG BG has an exceptionally strong position Millennium will not be expanded. Instead, BIG BG will open its own branches within the next year or two. (Rzeczpospolita, page 19, Reuters)