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The Warsaw Voice » Business » January 15, 2018
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Big takeover in the banking sector?
January 15, 2018   
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WSE-listed BGZ BNP Paribas is seriously interested in Poland's tenth biggest lender Raiffeisen Polbank and the management boards of both banks have already met to discuss the potential takeover, the daily Parkiet found out unoficially.
The price offered for Raiffeisen and the attitude of its Austrian owner RBI will be the key factors deciding about the success of the planned takeover, the daily observes.
BGZ BNP Paribas would benefit from revenues and cost synergies, while increasing the size of its business so that it would be comparable with rivals mBank and ING BSK, Ipopema's analyst Lukasz Janczak comments.
Given relatively low capital ratios of BGZ BNP Paribas, the bank could follow in listed bank Alior's footsteps, employing the same model of share issue to get the means necessary to finance the transaction, Janczak adds.
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