Bank Wspolpracy Europejskiej is banking on finding a strategic investor

Bank Wspolpracy Europejskiej (BWE) is holding negotiations with a European bank, which could become BWE's strategic investor as early as next month. According to market speculation, the potential investor is the Danish bank Den Danske Bank. "We are holding negotiations with a European bank, which is not yet present in Poland, but is linked to our market through many ventures and clients," said BWE president Jacek Krawczyk. He added that if the talks are successful, he would expect the bank to triple the value of its own funds over the next three years. He also said that if the two parties do not reach an agreement, it is possible that BWE shares would be sold in a public offering, but this would not happen before 2002. (Puls Biznesu, page 6) T.J.