Bank Handlowy is Poland's largest IPO

Article Abstract:

An Initial Public Offer of 95% of Bank Handlowy of Poland will be issued by the country's Treasury in Jun 1997. Proceeds are likely to reach more than $492.4 million. There will be four tranches of share offers, with the bank to be floated on the Warsaw Stock Exchange on Jun 21 1997. Private investors are being encouraged with incentives to keep their shares for at least a year. Poland will receive nearly $400 million from western governments to restructure the country's banks following the sell-off of Bank Handlowy and Powszechny Bank Kredytowy.

Commercial Banking, State commercial banks, State Banks, Banking industry, Securities, Powszechny Bank Kredytowy, Bank Handlowy

---

New Treasury takes charge in Poland

Article Abstract:

The privatisation ministry in Poland is to be replaced by a more powerful treasury ministry, following a deal between the SLD and the Polish Peasant Party (PSL). Investors were encourage to conclude several deals before the treasury ministry was established, due to uncertainty about the future of Polish privatisation. The main transaction was Kompania Piwna's purchase of shares in the Tychy Brewery. Another major transaction was the sale of shares in FAEL, an electrical equipment producer to Legrand of France.

---

Similar abstracts:

• Abstracts: How people-smart are you? Transform a while into a win! Team up to slim down
• Abstracts: Russian metals companies draw limited interest in IPOs. Germany's largest companies reduce cross-shareholdings
• Abstracts: The genuine economic business purpose test and international tax planning in Belgium. DASTM: the Mexican peso devaluation rules
• Abstracts: Buoyant Asia on the crest of a wave. Now is the best time to raise finance
• Abstracts: Leisure centres and swimming pools. Leisure centres amd swimming pools

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.