Swedish bank offers to buy PBR shares at zl. 28

The tender will open today and last until May 28 through Bank Handlowy Capital Markets Center. As a result, the Swedish bank joins Bank Rozwoju Eksportu (BRE), which opened its offer earlier this month at zl. 24.3. BRE's offer is available until May 4. Meanwhile, German bank Bayerische Landesbank awaits a green light from the Stock Exchange and Securities Commission (KPWiG) to increase its stake in PBR to more than 50%. BRE had said it might better its offer if the other banks seeking to buy PBR call tenders, but no one at BRE was immediately available for comment yesterday. Trade in PBR shares will be suspended today due to the tender. (Parkiet, page 1, Prawo i Gospodarka, page 1, Reuters)