Raiffeisen hopes to stop talking
Raiffeisen is hoping to close negotiations with Bank Pocztowy before 6 April on taking a 33 to 49 percent stake in the Polish bank. It hopes to complete a valuation of the bank before the end of this month in order to have an offer prepared. Rumour has it that the bank is worth around PLN220m. If the offer is accepted then the bank will no doubt go through a complete metamorphosis. However it is going to have to be quick as Kulczyk Holding is also believed to have its eye on Bank Pocztowy.