Poland: Rabobank Polska Gives up BGZ

Businessn.a. ♦ Published: March 6, 2014; 17:05 ♦ (Vindobona)

Dutch financial institute Rabobank wants to get rid of BGZ.

BGZ will be taken over by BNP Paribas. / Picture: © BNP Paribas

Rabobank does not intend to merge Polish units Rabobank Polska and BGZ. Instead, BGZ is supposed to be sold to BNP Parisbas, according to Jozef Wancer, CEO of BGZ.

"Rabobank filed a motion with the financial market regulator KNF to prevent that transaction, so that Rabobank can continue its business operations in Poland via Rabobank Polska and so that the sale of BGZ to BNP…