Hungary’s OTP Considers Polish Acquisition
- 9 Oct 2014 9:00 AM
OTP has set its sights on FM Bank, one of the smallest banks in Poland, whose owner may be forced to sell it, according to local media. Abris Capital Partners bought the bank from WestLB, with plans to list it on the stock market, but that attempt failed after the Polish regulator instructed the company to sell its stake.
The transaction could be closed within weeks, according to Polish financial newspaper Puls Biznesu.
Polish media reported in August that there were 14 potential bidders for FM Bank, which had total assets of $313 million in 2012.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
LATEST NEWS IN business