Erste Group not Interested in Polish Bank Millenium

Professional ServicesBanks ♦ Published: August 16, 2011; 16:27 ♦ (Vindobona)

The Austrian bank continues looking for opportunities to expand into Poland after it has ruled out an acquisition of Bank Millenium.

Erste Group not Interested in Polish Bank Millenium / Picture: © Erste Group / Helmut Lackner

Erste Group is not going to bid for a majority stake in the Polish Bank Millenium SA. According to reports, Portuguese Banco Comercial Portugues SA (BCP) intends to sell its stake of 65%.

“We are not interested”, commented Erste spokeswoman Hana Cygonkova on Tuesday. Erste Group would not request further information about the Polish bank, she stated. Two informed persons on…