Bank Pocztowy may revive IPO idea

Bank Pocztowy said on Tuesday that it may revive the idea of an IPO, but its viability would depend on the market conditions and new tax levies planned by the new government, Reuters reported. According to an initial plan, the lender wanted to raise PLN 200 million by offering new shares in the IPO, which was expected to take place in the autumn. After the IPO was cancelled, Pocztowy shareholders - state postal operator Poczta Polska and bank PKO - decided to take part in a share issue, supplying the company with PLN 60 million.