Węglokoks seeks state say-so to sell shares in GBG; Getin gets set to get them

Węglokoks, a state-owned coal exporter, is gearing up to sell 15.6% of shares in Górnośląski Bank Gospodarczy (GBG) in a transaction slated to be finalized by the end of January next year. According to Puls Biznesu, the company has approached the Economy Ministry with a request for permission to sell off its GBG stocks, which may well be bought by Getin Holding, owned by Leszek Czarnecki and that already owns over 70% of the bank's shares. While GBG is currently considered a typical regional bank, offering credits for small- to medium-sized firms and car credits, Czarnecki has plans to expand its operations across the nation. (Puls Biznesu, p. 7) A.F.