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Poland: BGZ Bank Taken Over by BNP Paribas

Published: December 5, 2013; 10:32 · (Vindobona)

Polish BGZ Bank will be taken over by French BNP Paribas for a selling price of around € 1bn.

Poland: BGZ Bank Taken Over by BNP Paribas / Picture: © BNP Paribas

Polish BGZ Bank (Bank Gospodarki Zywnosciowej SA), which up to now was part of Dutch Rabobank, will be taken over by French banking institute BNP Paribas. According to the French bank’s information, the selling price came at around one billion Euros.

In June Rabobank, former owner of BGZ Bank, announced to examine all options with BGZ Bank. However, the unit was not expicitly…

This article includes a total of 224 words.

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