Getin to buy 5% stake in Idea Bank

Getin Holding and its owner Leszek Czarnecki announced that they will buy more than five percent of Idea Bank's new shares to be issued in an IPO. Getin Holding informed on Thursday that it will not sell its stake in Idea Bank, as it had earlier planned. Idea Bank set the price of its planned IPO at 24 zlotys ($6) per share or the bottom of the price range previously sought by the bank.