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.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » November 3, 2017
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.
Czarnecki to sell Idea Bank?
November 3, 2017   
Article's tools:

Leszek Czarnecki
Idea Bank owned by a prominent WSE investor Leszek Czarnecki could soon change hands, the daily Parkiet writes front page citing unofficial information confirmed by two independent sources. Czarnecki might want to sell either 55% of Idea Bank controlled by his Getin Holding or just his own 15.8% stake, sources say.
Private equity funds are reportedly interested in buying the listed bank in a transaction brokered by Rotschild, but they may be discouraged by the seller's price expectations which supposedly exceed the current market price, the daily found out.
Potential buyers might also look at Idea Bank's main shareholder as the main risk factor due to the way he manages his businesses, the DM Citi Handlowy brokerage analyst Andrzej Powierza comments.
Selling the bank to a private equity fund could improve bank's efficiency, just like in the case of the debt collector GetBack sold by Czarnecki some time ago, Powierza says.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE