News

Privatisation of BGZ bank – global co-ordinators selected. Ministry of Treasury to divest its stake, Rabobank will remain in the shareholding structure.

The Ministry of Treasury has selected a consortium of investment banks, which will act as global co-ordinators in the IPO process of Bank Gospodarki Żywnościowej. Citi and UBS, banks from the Top 10 2010 Equity League Table in Europe, which actively expand their presence in Poland, will be the global co-ordinators of the offer, while PKO BP and Banco Espirito Santo Polska, institutions with strong position on the Polish financial market, will act as domestic bookrunners.

The State Treasury is a minority shareholder in BGŻ (37%). The majority shareholder (59%) is Rabobank, the only AAA-rated bank in the world. The IPO of the Company, which is scheduled for the end of the first half of 2011, is an important component of Rabobank’s long-term strategy for our country.

Publication date : 17.01.2011

Modification date : 17.01.2011
Published by : Piotr Koszewski
Author : Ministry of Trasury

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