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Business News from Poland
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Tuesday 22nd May 2012
Allied Irish told to offload BZWBK
2nd April 2010© Adam bzwbk
WBK to be sold off
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In a speech before parliament on Tuesday, Irish Finance Minister Brian Lenihan explained that AIB must raise at least EUR 7.4 billion in capital this year to meet new minimum capital requirements. The search for a buyer for its Polish affiliate is to begin “immediately.”
“As the first step in meeting its capital needs the bank will immediately commence the process of sale of assets in the US, Poland and in Great Britain. The sale of these assets will be complet ...
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