According to Polish daily Rzeczpospolita, Pawel Szalamacha, deputy treasury minister, has stated that the Bank BPH branches that are going to be sold would be stated precisely in the final agreement that is to be signed on Tuesday. Szalamacha stated that those would be overlapping branches. Furthermore, the transaction should take place within one year.
Separately, the daily has citing Wojciech Jasinski treasury minister, saying that not only the ‘merged bank’ will be listed at the WSE (with a free float of at least 25%, according to the agreement) but Bank BPH should remain listed as well.
We expect further volatility of Bank BPH's stock price, as the market is confused by the lack of clear information about its future.