Citibank bought 16mn Handlowy's convertible bonds
Citibank has bought 16mn convertible bonds of Poland's largest corporate bank Handlowy that give 17.3% of voting rights. The US bank already owns 66% of Handlowy due to permission of the Supervisory Banking Committee (KNB). Recently, Citibank has called a second public bid for Handlowy's shares at PLN 70 (USD 15.8). It wants probably to merge its Polish subsidiary Citibank Polska with Handlowy.
Źródło:IntelliNews Daily
