According to Polish daily Puls Biznesu, (50 PLN, 3,68%) (8 EUR, 1,15%) will attempt to gain approval for a significant stake increase (25% stake currently) in Bank Pocztowy, at today’s supervisory board meeting.
Our view: The start of negotiations regarding sale of majority stake of Bank Pocztowy from Poczta Polska (75% stake) to has been already announced to the market, therefore we believe the news should have neutral trading impact on the stock price today.