Poland sells PBK in third largest IPO
Article Abstract:
The sale of 14,418,000 shares in Poland's Powszechny Bank Kredytowy (PBK) has raised $300.2 million. Domestic retail investors acquired 3,510,000 shares, with the share price for smaller retail investors ordering up to 5,000 shares being set at $19.15. Orders for almost 31 million shares were placed by 74 Polish and foreign institutional investors. Following the privatizations of PBK and Bank Handlowy, the Polish government will receive $385 million from western governments for restructuring the country's banks.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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BPH still not privatised
Article Abstract:
Only 29.6% of shares in Bank Przemyslowo-Handlowy (BPH) of Krakow were purchased during the one-month IPO, out of a total 50.2%. An additional 700,000 shares in BPH will be offered to holders of State Treasury bonds which are exchangeable for shares. The Ministry expects that more than 50% of the Bank's shares will be taken up by private investors by February 07.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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Major Polish bank is finally privatised
Article Abstract:
The Bank Przemyslowo-Handlowy, based in Krakow, has been privatised following the purchase of 204,122 shares by holders of State Treasury bonds. BPH's major private investors now comprise eight financial institutions. The Bank Gdanski (BG) is also to be privatised at the end of 1995.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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