Bank Pocztowy may postpone IPO

Polish bank Bank Pocztowy has identified another quick means of recapitalisation. If the plan is successful, the bank will postpone the Initial Public Offering (IPO). The fund managers declared a willingness to buy at a price lower than the book value, which is around PLN 650 million. Then Pocztowy shareholders did not agree to such a price. Soon, the new plan for the bank's recapitalization will be announced.