Bank Pocztowy goes public

The coming days will see a tripartite agreement between PKO BP, Poczta Polska (PP) and Bank Pocztowy according to which PKO BP will sell its shares in Bank Pocztowy, which will subsequently go public, according to Puls Biznesu daily. According to the newspapers, there are two plausible scenarios on the table. In the first variant, Poczta Polska will acquire the shares of Bank Pocztowy, which are valued at PLN 120 million. In the second, PKO BP will sell its stake through the stock exchange. Optimistic forecasts indicate that Bank Pocztowy may debut on the bourse in September. "Poczta Polska has been interested in buying Bank Pocztowy for the last two years, as it is in line with our strategy. We have money earmarked for the transaction, we are waiting for the decision of the minority shareholder,"  Zbigniew Baranowski, spokesperson for PP, was quoted as saying. "We have been in talks for a long time. We have not received any updated offer from Poczta Polska. When we receive, we will consider it thoroughly," said Łukasz Świerżewski, acting director of the corporate communication department at PKO BP.