Citigroup buys 22% in Handlowy

   Citigroup bought 15.26 million shares, or 21.8% in Poland's largest corporate Bank Handlowy, during its second public bid that ended early last week, the Warsaw Stock Exchange said. Citigroup, which had 66% of voting rights in the bank before the bid, was required by law to call a second tender for all the Handlowy shares it did not own after surpassing the 50% threshold during the first bid. The tender for about 23.77 million shares at zl. 70 each took place between June 20 and July 24.

   – Reuters