Polbank: Intesa Bids, Raiffeisen Still in the Race

Published: November 25, 2010; 19:00 · (Vindobona)

In the battle for the takeover of the Polish private bank Polbank, the Italian Intesa has already placed a bid. No comments are being made by Raiffeisen.

Polbank: Intesa Bids, Raiffeisen Still in the Race / Picture: © Raiffeisen Bank International

Intesa Sanpaolo of Italy has confirmed its interest in the purchase of the Polish private bank and has already placed a firm offer. The Italians want to get a share of 70%. Only the answer is pending, said the group’s CEO, Corrado Passera. Other Eastern European assets are not interesting for Intesa. In any case, Intesa would finance the acquisition with its own  available…

This article includes a total of 222 words.

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