EBRD stands firm with price for Bank Handlowy shares

Talks will soon be held between the German-based Bayerische Hypo-Vereinsbank, and BPH to finalize the sale of the 40% stakes which are controlled by the State Treasury. Bayerische Hypo-Vereinsbank will then proceed to negotiate the acquisition of EBRD shares, however the latter has vowed not to reduce their demands which would compel the German bank to pay up to zl. 750 million if it is to have majority shares in BPH. (Prawo i Gospodarka, page 1)