PKO BP announces Nordea squeeze-out

Poland’s biggest lender PKO BP has announced a mandatory buyout of 0.18 percent in Nordea Bank Polska. The squeeze-out will involve 117,408 shares, priced at PLN 47.99 apiece.

 

The buyout starts on May 6 and is scheduled to be completed on May 12.

 

The Warsaw Stock Exchange has decided to suspend trading of Nordea Bank Polska shares as of May 6 in connection with the squeeze-out.

 

PKO BP holds 99.82 percent in the lender after having acquired the Polish assets of Nordea Bank AB in a deal completed last month.