Getin and Rotschild plan to purchase regional GBG

Through his company, Leszek Czarnecki will purchase a 71.2% stake from BPH PBK, while Rotschild will buy almost 26% of the shares from Węglokoks and Kopex. However, the major mystery behind the transaction remains its price, due to the fact that BPH PBK was not willing to dispose of its shares in GBG until the last moment. The bank owns 45 outlets and has 41 representative offices in Silesia. It specializes in car loans and servicing small companies. GBG is in good financial standing and had net profits of zł. 31.6 million after three quarters in 2003, 7% more than in the same period in 2002. Furthermore it has 14% solvency ratio, which means that it requires no additional capital injection. (Puls Biznesu, pp. 1, 8) M.M.