Arab Today, arab today rabobank in push to register merger with polish bgz
Last Updated : GMT 18:20:30
Arab Today, arab today
Arab Today, arab today

Rabobank in push to register merger with Polish BGZ

Arab Today, arab today

Arab Today, arab today Rabobank in push to register merger with Polish BGZ

The Hague - AFP

Dutch bank Rabobank said on Thursday it would push to register its control of Bank Gospodarki Zywnosciowej of Poland by the end of next year, despite plans to reduce its interest in the Warsaw-based BGZ. \"Rabobank announces that it will use its best efforts to register a merger between BGZ and Rabobank Polska S.A before the end of 2013 -- and no later than mid-2014,\" it said in a statement released from its head office in Utrecht. It added: \"Rabobank aims to reduce its current 98 percent interest in BGZ to a 75 percent interest no later than mid-2016.\" Asked why Rabobank was reducing its shares in BGZ, a major player in the Polish banking industry, Rabobank spokeswoman Milou Verhaegh told AFP it was done in line with requirements by financial watchdog, the Polish Financial Supervision Authority. \"The PFSA has indicated that it wanted to maintain a part of the shares as a free-float on the Warzaw Stock Exchange,\" she said. \"Rabobank aims to increase the free float (shares available for trading) no later than mid-2016, to a level of at least 25 percent through sale or new issuance of BGZ shares,\" the statement added, noting the Dutch banking giant would retain its controlling stake in BGZ. The Dutch group announced the tender offer in April, saying it would buy all outstanding shares in BGZ in which it at that stage already owned a 60-percent stake. Rabobank has about 10 million customers in 48 countries, while BGZ describes itself as one of the largest in Poland.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rabobank in push to register merger with polish bgz Arab Today, arab today rabobank in push to register merger with polish bgz

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rabobank in push to register merger with polish bgz Arab Today, arab today rabobank in push to register merger with polish bgz

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday