Bank Pocztowy might postpone IPO

The Polish post bank Bank Pocztowy found another quick means of recapitalisation. If this idea works, 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 want to agree to such a price price. Soon the new plan for the banks recapitalization will be announced.