- Societe Generale SA France (GLE.FR) has agreed to sell Poland's Euro Bank SA for about 1.83 billion Polish zloty ($483 million) to a subsidiary of Banco Comercial Portugues S/A (BCP.LB)
Market news
5 November 2018
Societe Generale SA France (GLE.FR) has agreed to sell Poland's Euro Bank SA for about 1.83 billion Polish zloty ($483 million) to a subsidiary of Banco Comercial Portugues S/A (BCP.LB)
The Portuguese bank said in a statement that its 50.1%-owned subsidiary, Bank Millennium SA, will pay cash for a 99.79% stake in Euro Bank.
The transaction is expected to close in the second quarter of 2019, BCP said.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page