Poland: going digital
Article Abstract:
Polish-based Pekao Bank is the subject of a 50% takeover bid by Bank Handlowy in 1998, which is seeking to enter the retail market. A successful conclusion would produce assets of 7.8 million pounds sterling for Handlowy, making it the biggest bank in the region. Acquisition plans may be thwarted by the Polish government, which plans to sell 15% of Pekao shares to the public and 35% of shares to a strategic ally. Automotive parts manufacturers Pol-Mot ZEM and Pol-Mot Prazska are expected to be purchased by Ford Motor Company.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Czech Republic: Economic woes
Article Abstract:
Businesses in the Czech Republic are under increasing pressure to dispose of peripheral businesses following the announcement that the country has been gripped by recession. Semtex explosives company Synthesia is one of a number of companies seeking bidders, along with Tatra, truck manufacturer, and Skoda Plzen, engineering firm. An information memo on the sale of Ceskoslovenska Obchodni Banka (CSOB) is expected to be issued as early as October 1998.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Poland launches its largest IPO. Australia launches Telstra public offer. Telstra's IPO launched
- Abstracts: The Czech Republic: high hopes. Czech Republic: investors catch 'fourth'wave. The Czech Republic: beer battle
- Abstracts: Plantation shares feel sting. Agency to buy bad loans
- Abstracts: Oiling the buyout engine. The magic circle closes in. Break for the border