RBI: Takeover of Polbank Approved

Business › n.a. ♦ Published: April 18, 2012; 15:18 ♦ (Vindobona)

The Polish Competition Authority allowed Austrian RBI (Raiffeisen Bank International) to purchase Polbank. Conversely, RBI has to list as Warsaw Stock Exchange.

RBI: Takeover of Polbank Approved / Picture: © Vindobona.org

The takeover of Polbank is approved. RBI takes over 70% of the Polish private bank, which was held by the Greek EFG Eurobank before. EFG Eurobank has to downsize and build up reserves.

Initially, RBI wanted to finalize the sale in 2011. Only the approval by Polands´s competition authority was missing. RBI now agreed with Poland to start a secondary listing at Warsaw Stock…

or Log In

Fast News Search
Related News
RBI Strengthens Commitment to CEE Region (April 2, 2012)
RBI Is Optimistic to Reach Solution in Hungary (March 31, 2012)
RBI Is Optimistic to Reach Equity Requirements Without Capital Increase (March 29, 2012)
RBI Posts Pre-Tax Profit of € 1.4bn (March 29, 2012)
Read More
RBI Raiffeisen Bank International, Poland, Polbank, M & A, Banking Industry
Featured
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter