EBDR reduces stake in Alior

The European Bank for Reconstruction and Development (EBRD) sold Alior Bank shares worth PLN 2.1 million in an accelerated book building (ABB), EBRD informed. Their stake was reduced by 3 percent and amounts to 5.023 percent now. “As a stakeholder, the EBRD remains sure of Alior’s future prospects and its ability to strengthen profitability and market position. Reducing stake, we increase Alior’s shares liquidity, supporting the growth strategy of the lender,” EBRD Director for Financial Institutions and Banks of the EU Lucyna Stańczak-Wuczyńska said. The transaction took place on January 8. With 26.1 percent of the stakes, the biggest Alior Bank shareholder is Carlo Tessara. Alior Bank has been operating since 2008 and has been listed on the WSE since 2012.