KBC increases share value strenthening position

This way, claims KBC, the group will be able to strengthen its position on the Polish market. This information has considerably influenced Warta's share price which jumped by 10.3% to zł. 160 per share on Thursday. "51% is just the first step. Our ultimate target is to take over as many shares as possible," said KBC spokesman Stefan Leunens. Both KBC and Kulczyk declined to quote the value of the transaction. The 11% stake is reported to be worth around zł. 130 million, but market analysts claim that Kulczyk received additional bonuses for the stake. (Puls Biznesu, p. 5) A.Z