Portuguese lender Millennium bcp has launched an accelerated placement of up to 15.41% of the share capital of its Polish unit, Bank Millennium.
The European Bank for Reconstruction and Development, which has obtained internal approvals to participate in the placement, is weighing options to invest PLN270m ($72.4m) for buying 3% of the shares.
The placement will enable Millennium, which currently owns 65.5% of Bank Millennium, to bolster its capital position while retaining a majority shareholding in the company.
The books for the Placement will open with immediate effect with pricing and allocations expected to be announced following the closing of the books.
JP Morgan will take on the role of sole global coordinator of the sale with Dom Maklerski PKO Banku Polskiego as joint bookrunners for the placement.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData