Deutsche Bank calls truce with Banco Comercial Portugues over BIG BG

Deutsche Bank (DB) agreed to sell Banco Comercial Portugues (BCP) its 14.7% stake in BIG Bank Gdanski (BIG BG). The deal will be finalized only if the Portuguese bank gets confirmation from the Banking Supervisory Commission (KNB) to surpass the 20% level of share ownership in the Polish bank. In the future, BCP would also buy shares owned by Austrian Raiffeisen and then companies co-operating with DB, totalling about 18%. "The situation between DB and BCP is such that we have to solve it as quickly as possible," said DB spokesman Hubert Janiszewski. If the contract is signed it would mean that BCP in co-operation with insurance holding Eureko would fully control BIG BG. (Prawo i Gospodarka, May 27-28, page 1) M.M.