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The Warsaw Voice » Business » September 11, 2018
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Alior-Eurobank deal
September 11, 2018   
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Alior Bank's 9% slump on the stock market last week may have stemmed from investor fear of a possible share issue for a potential takeover of Euro Bank, brokerage DM Citi Handlowy Andrzej Powierza speculated.
The slump accelerated on the day when news of Alior Bank's alleged offer to buy Eurobank broke. Alior Bank nonetheless seems unlikely to acquire Euro Bank due to likely opposition from open pension funds OFE with holdings in Alior, lender Pekao and insurer PZU, according to Powierza. Buying Alior stock these days is making a bet on how the bank would deal with an economic slowdown and how risky its foray into the micro-company segment proves, he also remarked.
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