Dublin: PKO bank, which is Poland’s biggest lender, is understood to have made a revised cash bid for AIB’s controlling stake in its national counterpart, Bank Zachodni.
Reports suggested that PKO is bidding for 66% of Zachodni (AIB has been hoping to offload its 70% holding), given that any higher tranche would trigger the necessity to launch a bid for 100% of the bank.
If that bid wins, AIB would float the remaining 4% of its interest.
a d v e r t i s e m e n t
This appeared in the printed version of the Irish Examiner Saturday, September 04, 2010
