Two in the running for Alior stake

Eurobank owner and the second-biggest French bank, Societe Generale (SG) or Polish billionaire Leszek Czarnecki are favorites to acquire 26 percent stake in Alior Bank, Bloomberg reported. All parties declined to comment.

The stake, owned bAdd Newy Carlo Tessara and is worth some PLN 1.4 billion.

SG plans to spend around €4 billion on acquisitions until 2016, French lender pursues to invest in European consumer and private banking sector.

Leszek Czarnecki is a main shareholder in Getin Holding lender. SG has been providing services to Polish corporate clients and individual customers since 1976.

Tessara, has to sell its assets to cut debt and has been looking for a strategic investor for the Polish bank since the lender’s IPO in 2012. Tassara has been obligated by Polish Financial Supervising Authority to sell its stake by the end of June 2016.