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The best private banks in 2008

The best private banks in 2008

An informative guide for high net-worth individuals on the range of service providers that are available

FX poll 2008:

FX poll 2008:

FX moves to centre stage

Monday, April 7, 2008

Dutch Rabobank cleared to buy 12.9% in Bank BGZ from EBRD.





Dutch Rabobank cleared to buy 12.9% in Bank BGZ from EBRD. The Netherlands-based Rabobank received a permit from the Financial Supervision Commission (KNF) to execute 50-66% voting power at the Polish co-operatives bank BGZ. The decision would allow Rabobank to take over a 12.87% stake in Bank BGZ held by the EBRDin line with their agreement from May 2007. Rabobank now holds 45.87% in BGZ. The price of the transaction, agreed back in 2004, has not been revealed. In accordance with the resolution of BGZ's August general meeting, the bank's public share issue and bourse debut is to take place before the end of Q3/2008. This year’s initial public offering is to consist of all or part of the treasury’s 37.32% stake and possibly also shares belonging to private and legal entities (3.94%). ISB


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