Erste plans to raise Polish subsidiary stake to as much as 75%
Bloomberg reports that the bank plans a bid worth up to $4.9 billion to increase its ownership from 49%.
TLDR
Erste Group Bank plans to increase its ownership in its recently acquired Polish subsidiary from 49% to as much as 75%, Bloomberg reports. The planned bid is worth up to 18.9 billion zloty ($4.9 billion).
Erste plans to raise Polish subsidiary stake to as much as 75%
Bloomberg reports that the bank plans a bid worth up to $4.9 billion to increase its ownership from 49%.
TLDR
Erste Group Bank plans to increase its ownership in its recently acquired Polish subsidiary from 49% to as much as 75%, Bloomberg reports. The planned bid is worth up to 18.9 billion zloty ($4.9 billion).