DG Bank wants to own more of AmerBank and have greater voting powers
Deutsche Genossenschaftsbank (DG Bank) plans to increase its capital
investment in AmerBank. In order to fulfill this plan, DG Bank has applied
to the Bank Supervisory Commission (KNB) for permission to reach a 75% level
of voting rights in AmerBank. Currently, DG Bank has a 71.07%-stake in
Amerbank, but this only gives it 49.3% voting rights. DG Bank can either buy
shares from Osterreichische Volksbanken, which bought shares at the request
of DG Bank, or from Polish Oil and Gas (PGNiG). The first option would give
DG Bank a further 6.7% of voting rights, and the second would provide a
further 22.12% of voting shares. (Prawo i Gospodarka, page 1, 10) M.M.
