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.

Mergers, acquisitions and divestments, Poland, Ford Motor Co., F, Bank Handlowy w Warszawie S.A., Pekao SA, Pol-Mot Prazska, Pol-Mot ZEM

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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.

Economic aspects, Acquisitions and mergers, Czech Republic

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