Getin's WBC takeover would create zł.6 billion bank

It has just submitted the offer to the current shareholders - twelve largest domestic banks, led by PKO BP with 25% of shares and Pekao with a stake of 19%. "We have submitted the purchase offer, however the case is not yet concluded. We are planning a share issue and we want to reveal our plans to the shareholders," said Leszek Czarnecki, who controls Getin Holding. WBC shareholders are to make a decision concerning their withdrawal from the company by the end of June. This is when a general shareholders meeting is planned, during which a decision will also be made concerning the division of last year's zł.65 million profits. "WBC controls an interesting network of over 20 branches. Another element of the deal is the company assests, which amount to almost zł.1 billion," said Grażyna Bukowska, Getin Holding spokesperson. If the merger between Getin Bank and WBC goes ahead it will create an institution with assets worth over zł.6 billion. (Puls Biznesu, p. 12) A.K