BGŻ's IPO to be posponed until Q1 2009
"This resolution is an execution of an agreement between BGŻ, the Treasury Ministry and Rabobank. It envisaged that the public offer will take place at the end of Q3 2008. Due to the situation on the market the offer did not take place, therefore we delayed the deadline until Q1 2009," said Deputy Treasury Minister Michał Chyczewwski.
He added, however, that this resolution does not mean that the IPO will definitely take place, as the Ministry is still considering selling its remaining stake in BGŻ directly to Rabobank.
Sources: Puls Biznesu, Rzeczpospolita (A.K.)
He added, however, that this resolution does not mean that the IPO will definitely take place, as the Ministry is still considering selling its remaining stake in BGŻ directly to Rabobank.
Sources: Puls Biznesu, Rzeczpospolita (A.K.)
