Kredyt Bank reduces stake in Bank Ochrony Srodowiska

Kredyt Bank said yesterday it will sell 19.79% of its shares of Bank Ochrony Srodowiska (BOS) to Swedish SEB. The shareholders of BOS agreed that SEB is to have a strategic stake in the company. The Swedish investor applied to the relevant Polish and Swedish regulatory bodies to hold more than 33% of BOS shares from its current stake of 4.4%. The Swedish group is a world leader in internet banking. SEB president Lars Thunell said that BOS is a modern institution which suits SEB's strategy of creating a major e-bank in Europe. (Puls Biznesu, page 7, Reuters) A.D.