Cofinoga and BNP Paribas compete to buy Eurobank

According to Puls Biznesu, Cofinoga is about to conduct due diligence on the bank. Another investor interested in Eurobank is the French BNP Paribas. However, LOOK Finansowanie Inwestycji (LFI), which owns Eurobank, refuse to reveal any details about negotiations. "I can neither confirm nor deny anything," stated LFI president Janusz Pajka when asked if his company is in take over talks with anyone. He nevertheless added that, "Works are so advanced that they should finish in by mid year," and revealed that the decision whether LFI will sell its majority stake in Eurobank depends on what it is offered. Eurobank is one of the most dynamically developing domestic retail bank and currently has 112 outlets. (Puls Biznesu, pp. 1, 4) E.B.