After a year long struggle for control over Poland’s BIG Bank Gdanski, Banco Comercial Portugues (BCP) has succeeded in taking a majority of seats on the Polish bank’s advisory board. Deutsche Bank had launched a hostile takeover bid for BIG earlier in the year, but sold its holding in the Polish bank to BCP following the threat of lawsuits from BIG’s other shareholders. Following the resignation of nine of the members of BIG’s supervisory board (announced on 31 July), three further seats were gained by BCP.
Financial Times and Newswire
