Bank Austria ups its stake in PBK
The Treasury Ministry sold 10.29% of shares in Powszechny Bank Kredytowy (PBK) to Bank Austria for PLN 335.9mn (USD 78.1mn). The agreed transaction price amounted to PLN 120 per share, while PBK was traded on the stock market at PLN 101.5 yesterday. Bank Austria thus increased its stake to 52%, but it will go up to 57% when the Polish branch of the Austrian bank merges with PBK later this year.
Źródło:IntelliNews Daily
