Bloomberg News

EBRD to Buy 332 Million Zloty of Bank Zachodni WBK New Shares

March 29, 2012

European Bank for Reconstruction and Development will buy 332 million-zloty worth of new shares in Bank Zachodni WBK SA (BZW), the Wroclaw-based lender said in a regulatory statement today.

The private offering of shares is a part of the planned merger between BZ WBK, a unit of Banco Santander SA (SAN), and Kredyt Bank SA (KRB), according to the filing. The transaction is pending regulatory and shareholders’ approvals, the bank said.

To contact the editor responsible for this story: Piotr Skolimowski at pskolimowski@bloomberg.net


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