REKLAMA

Citibank bought 16mn Handlowy's convertible bonds

2000-06-27 00:00
publikacja
2000-06-27 00:00

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
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