BGZ could be sold this year; BNP Paribas offers EUR 1bn
Rabobank, the Dutch owner of BGZ (Bank Gospodarki Zywnosciowej), will select a buyer for the Polish bank at the turn of November and December, Puls Biznesu reported. The Polish daily cited a source close to the negotiations, who added that the sale deal could be signed this year.
Puls Biznesu also learned that Rabobank is in parallel talks with all interested bidders. According to the source, apart from three bidders - Santander, UniCredit and BNP Paribas - there are other interested parties, names of which Puls Biznesu was unable to establish.
According to unofficial information, BNP Paribas submitted an offer of EUR 1bn. Polish lender Pekao (a part of UniCredit) and Santander have placed lower offers, a representative of an unspecified bank told Puls Biznesu.
The paper said, citing unofficial sources, that Rabobank wants to complete the transaction as soon as possible. The article also reported that Credit Agricole, Erste Bank and Intesa SanPaolo , which have been interested in the Polish banking sector, are whispered as potential buyers. The article added that Polish listed insurer PZU had been also interested in the transaction.
Source Puls Biznesu