ING to gain 85% stake in Bank Slaski after zl.37.5 million share purchase

Shareholders in Bank Slaski yesterday approved a deal to sell 3.75 million shares to strategic investor, the Dutch owned ING Group. The new ING investment will raise Bank Slaski's share capital by zl.37.5 million, and increase the Dutch bank's holding by 10%, to 85%. The same Bank Slaski general shareholders meeting also decided that the Polish division of ING, ING Polska, would merge with Bank Slaski, under the name of ING BSK. The merger will officially take place in October, with ING BSK expected to enjoy a strong position on the market. (Puls Biznesu, p. 8) A.K.