Skip to content
Advertisement

Business

In brief: Nordea & BWP-Unibank; BCP & BIG BG; KGHM share scandal

Nordea Bank Polska, which owns 98.56% of BWP-Unibank, is planning to take over the remainder of the bank next month. Scandinavian-owned Nordea will receive all remaining BWP-Unibank assets in exchange for shares for BWP employees. (Rzeczpospolita, p. B5) ... Banco Comercial Portugues (BCP) has purchased all the available shares in BIG Bank Gdanski (BIG BG)'s rights issue. When the transaction is finalized the Portuguese bank will increase its 19.99% stake in BIG BG to 42.78%. (Gazeta Wyborcza, p. 29) ... The Warsaw District Prosecutor has initiated an investigation into a September incident in which an unauthorized individual, Ryszard Zbrzyzny, brought about a fall in the share price of copper mining concern KGHM Polska Miedz by disclosing confidential information. Zbrzyzny's comments brought the KGHM share price down from zl.13 to zl.10.60. (Rzeczpospolita, p. B2) M.T.K.

More from Business All