Bank Post will begin preparations for the publicity of the company and increase its capital by issuing shares – decided Extraordinary General Meeting of the bank. Implementation of an initial public offering Postbank conduct PKO Polish Bank. Input idea Postbank IPO supported by the Ministry of the Treasury.
Plans IPO is the result of two main shareholders agreement Postbank, which the Polish Post Office, which controls 75 percent of the shares in Postbank minus 10 shares and PKO BP, a minority shareholder having 25 percent. plus 10 shares.Polish PKO Bank has agreed to carry out an initial public offering (IPO) and Post Bank has decided to reduce the possibility of involvement in the bank. Existing shareholders will not be able to subscribe to shares of a new issue. At the same time, in the case of the Bank’s debut on the Warsaw Stock Exchange, the Polish Post will retain at least 51 percent of the shares in its capital. PKO Bank Polish and Polish Post Office also confirmed plans to extend cooperation in the field of financial services and logistics.
The idea of entry Postbank IPO gained the support of the Treasury.
– I welcome the agreement reached between the PKO BP and the Polish Post on Postbank. MSP supports the idea of introducing Postbank shares on the Warsaw Stock Exchange. The company will gain needed for growth capital, as well as the possibility of any further updating, if necessary – says Vladimir Karpinski, the Minister of the Treasury.
The development of financial services based on its own market strategy assumes Polish Post 2020 . The increase in income from financial services is a part of the restructuring of the Polish Post.
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