Investec’s 60-fold leap in value
When a new minister of finance ordered the instant dismissal of three highly regarded board members, the management of Poland’s Bank Handlowy decided the only way forward was privatization. Until then, privatization had been only one option among several for expanding and developing Poland’s oldest bank.
But the realization that the bank’s progress depended on having a benevolent minister in office pushed president Cezary Stypulkowski (himself hand-picked by a previous finance minister) towards this single goal.
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