BRE Bank votes to float more shares to pay for proposed Rheintyp purchase

The decision was spurred on by satisfactory first quarter earnings that topped zł.39.9 million, compared to zł.33.8 million last year, and generally good prospects for its retail and corporate banking divisions. Yesterday's general shareholders meeting also saw a vote on the composition of the supervisory board, changes to the management line-up and an alteration of the bank's charter, which now enables the management to issue 2.8 million shares upon the agreement of the supervisory board. (Parkiet p.5) M.G.