PBR looks abroad for investor to take 25% stake

Bank president Mieczyslaw Groszek said PBR was already negotiating with four investment banks but that no decision would be made before Powszechny Bank Kredytowy's (PBK) public offer, as PBR is in a consortium looking to purchase a stake in PBK in the third-quarter offering. Unofficial sources quoted by Rzeczpospolita said the four investors negotiating with PBR are Kleinwort Benson, Bayerische Landesbank, Daiwa and BHV. (Reuters, Rzeczpospolita, page 19)