Russia's Sberbank Wants To Acquire Small Polish Bank - Report
November 08 2011 - 1:53AM
Dow Jones News
Russia's largest bank, OAO Sberbank (SBER.RS) has hired advisers
to help it buy a small bank in Poland, most likely Alior Bank,
daily Rzeczpospolita reported Tuesday, citing unnamed Polish bank
executives.
Stakes in a handful of Polish banks are either up for sale
already or may be sold later by their foreign owners to help them
meet stringent new capital requirements at home. They include Banco
Comercial Portugues SA's (BCP.LB) 65.51% stake in Bank Millennium
SA (MIL.WA) and Belgian bank KBC Group NV's (KBC.BT) 80% stake in
Kredyt Bank (KRB.WA).
Alior Bank is owned by Italy's Carlo Tassara SpA.
Newspaper website: www.rp.pl
-By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431;
marynia.kruk@dowjones.com