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FX poll 2008:

FX poll 2008:

FX moves to centre stage

Country risk index

Country risk index

Bi-annual survey monitoring political and economic stability of 185 sovereign countries

Tuesday, May 6, 2008

Treasury plans to sell 4% in Bank Pekao SA to UniCredit Italiano shortly.





Treasury plans to sell 4% in Bank Pekao SA to UniCredit Italiano shortly. The treasury ministry will soon meet with the representatives of UniCredit Italiano in order to work out the sale of the treasury’s residual stake (3.96%) in Bank Pekao SA, majority-held by UCI, treasury minister Aleksander Grad announced. He added that the sides were currently in negotiations on the premium linked to this transaction. The 2008-2011 privatisation programme passed by the government in April, stipulates for the sale of residual stakes in Polish banks, including Pekao SA in late 2008 or early 2009. Other banks involved in the scheme are BPH (3.65%; investor: GE Money), BZ WBK (1.93%; investor Allied Irish Banks) and Bank Handlowy (2.49%; investor: Citigroup). tom


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