Due diligence in Eurobank expected to be completed

Negotiations between the new potential investor and the Wrocław-based bank are due to be completed in the first half of this year. Up until now both parties have not wanted to comment on the situation. Cofinoga is the managing body of Sygma Bank in Poland, which was launched this year along the same lines as F inplus, a company offering credits and store cards. Meanwhile, a sign ificant competitor in the battle to take over Eurobank, BNP Paribas, has withdrawn from the field, stating that the sum is too high and it will concentrate on developing Cetelem Bank, which operates in the same sector. The value of Eurobank is estimated at between $150-180 million. That is more than double the amount the Łukasiewicz family has invested in the project. Eurobank is systematically increasing its value through development of its network of outlets and introducing new offers. (Puls Biznesu, p. 7) A.K.