21:30 14 March 2024
BNP Paribas Initiates Accelerated Book Building for BNP Paribas Bank Polska Shares
BNP Paribas Bank Polska announced the commencement of an accelerated book building (ABB) process for up to 5% of its shares, totaling 7,383,847 shares, to be sold by BNP Paribas. The sale price per share, reported by Bloomberg, stands at PLN 100. Following the transaction, BNP Paribas will retain approximately 57.31% of the bank's shares, controlling 81.34% jointly with other entities of the group.
PKO BP Branch - Brokerage Office acts as the exclusive global coordinator and co-bookrunner, with BNP Paribas as co-bookrunner. The strategic intent behind the move is to uphold BNP Paribas's position as a key investor in the Polish bank, with a commitment to its ongoing support and development. The shares held by BNP Paribas are subject to a 180-day transfer restriction post-sale.
