Italian Treasury to sell entire BNL stake

Article Abstract:

Banco di Bilbao y Vizcaya of Spain, Banca Popolare Vicentina and INA will make up a shareholder core for Banca Nazionale del Lavoro (BNL), Italy's last large public sector bank apart from Banco di Sicilia. The establishment of this shareholder core represents a significant step towards the privatization of BNL. This move, along with the forthcoming retail and institutional offerings, indicate that the government plans to totally withdraw from the bank. BNL has 671 branches in Italy, and is also present in 21 other countries.

Banca Nazionale del Lavoro

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Largest Polish bank privatised

Article Abstract:

The Polish government has successfully sold a 15% stake in the Bank Polska Kasa Opieki (Bank Pekao) for more than $260 million. The privatization of the bank, capitalized at $1.8 billion, was the fourth largest in Poland's history. Somed 4% of the shares were acquired by Bank Handlowy, which will become Bank Pekao's strategic investor. Other privatizations in the pipeline include Bank Zachodni and a 40% sell-off of Bank Przemyslowo-Handlowy.

Poland, Manitoba, Bank Polska Kasa Opieki S.A.

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OTP success may kick-start sales

Article Abstract:

The partial privatization of Hungarian bank, the National Savings and Commercial Bank (OTP), may reopen the country's privatization programme which has been held up by political problems. Some 5% of the shares available in OTP have been offered to the general public and 5% to employees. The privatization has raised $1.33 billion. Future sell-off plans include Budapest Bank, oil and gas company MOL and electric utility MVM.

OTP

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