Bank Zachodni WBK launches $1.6bn re-IPO
Books were closed on a Z4.8bn-Z5.4bn ($1.5bn-$1.7bn) re-IPO of Bank Zachodni WBK on Thursday, after sellers KBC and Santander pressed ahead with the four-day sale on Monday despite the threat of volatility from concern over the eurozone.
The stock should be a must-have for Polands domestic pension funds and offers a discount to the main listed peers Pekao and PKO Bank Polski.
The deal comprises up to 21.36% of Polands third largest bank. KBC is selling its entire 16.17% stake (15.12m shares) and Santander is selling
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