Polish bank to bid for AIB share of local bank

The Polish government has approved a bid for AIB's stake in Bank Zachodni by a semi-state bank in Poland.

Polish bank to bid for AIB share of local bank
Wed, 23 Jun, 2010 - 09:06

The Polish government has approved a bid for AIB's stake in Bank Zachodni by a semi-state bank in Poland.

PKO - in which the state has a 41% share - is being encouraged to bid for AIB's 70% holding in Zachodni to reduce the level of foreign ownership of Poland's banking sector.

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CourtsBusinessHeathrowPlace: PolandPlace: ZachodniOrganisation: AIBOrganisation: Polish governmentOrganisation: Bank ZachodniOrganisation: PKO
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