NFOSiGW plans to sell stake in BOS to Swedish SEB

The daily Parkiet has learned that the National Environment Protection Fund (NFOSiGW) will sell its 44.36% stake in Bank Ochrony Srodowiska (BOS) to Swedish SEB, after which it will hold 76.2% of the bank. Polish regulations require the sale of a significant share portfolio to be conducted as a public tender and the lowest possible price offered is zl 74.40, about 8.5% above yesterday's stock price fixing. However, the transaction may be divided and carried out in stages. Yesterday NFOSiGW withdrew its representative from the fund's board of directors, and it is rumored the changes may be connected with the prospective transaction. Thus far there has been no comment on the deal from NFOSiGW, and the only information confirmed by fund spokeswoman Jolanta Czudak-Kieresz was the change in the board of directors. The decision will now move to the Environment Protection Minister. (Parkiet, p.1