Raiffeisen confirms stake in BIG Bank

Article Abstract:

Austria's Raiffeisen Zentralbank AG acknowledged that it acquired an almost 10% share of BIG Bank Gdanski SA of Poland. Raiffeisen represents the third foreign lender to acquire a share in of the remaining Polish banks that are still under domestic control. Raiffeisen would not say if it had plans to increase its share in BIG Bank. The Austrian bank purchase the share for 12 zloyts ($3.06) per share.

Comment:

Raiffeisen acquires almost 10% share of BIG Bank

Asset sales & divestitures, Austria, Acquisitions & mergers, Poland, Abstract, Raiffeisen Zentralbank AG, BIG Bank Gdanski S.A.

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Societe Generale negotiates to buy Deutsche Bank units

Article Abstract:

Societe Generale SA is engaged in talks to acquire two leasing firms from Deutsche Bank AG. The move is part of Societe Generale's attempt to strengthen its presence in Europe outside of France.

Strategy & planning, Foreign operations, Germany, France, Deutsche Bank AG, DTBKY, Societe Generale S.A.

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