Deutche Bank & Raiffeisen pull out of BIG Bank Gdanski
Banco Commercial Portugues (BCP) and its allies have acquired more than a
29% stake in BIG Bank Gdanski (BIG BG) for zl.1.7 billion, as Deutche Bank
and Raiffeisen sell off their BIG BG shares.The shares were sold in four
issues at zl. 13.50 each. BCP has increased its stake in BIG BG to 20%, and
says it will ask the Bank Supervisory Commission (KNB) for permission to buy
a further 5% stake, exceeding the allowed 20% threshold. The remaining
issues are believed to have been bought by Eureko holding and
Bankgesselschaft Berlin. CDM Pekao analyst Adam Szeski believes the new
stakeholders in BIG BG will be useful for creating a powerful banking and
insurance group consisting of BIG BG and Powszechny Zaklad Ubezpieczen (PZU)
in the future. However, BCP's majority stake could also marginalize PZU
involvement in the decision-making process. (Prawo i Gospodarka, page 15)
P.S.
