We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » December 9, 2013
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
European Commission okays PKO BP bank’s sale of eService stake
December 9, 2013   
Article's tools:
Print

Bank PKO BP secured the European Commission's approval of the sale of a 66% stake in its payment card settlement operator eService to a unit of EVO Payments International, the commission said in a statement on Friday.

The approval of the commission was one of the conditions precedent for the sale. Poland's financial market watchdog KNF will have to be notified of the transaction in 2014.

PKO BP and Evo inked the deal in early November, with PKO BP to sell the 66% stake for USD 113 million, a sum to be adjusted for cash and earn-out bonus. The bank eyes PLN 377 million gross profit on the transaction.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE