Citibank Completes Acquisition of Bank Handlowy w Warszawie
It was announced yesterday that Citibank Poland, which already owns 87.9% of Bank Handlowy w Warszawie, will be buying up the remaining percentage. It is thought that the purchase will occur within the next few days. The acquisition will result in the creation of Poland’s third biggest bank.
Bank Handlowy w Warszawie is the joint owner of one of the leading factors in the Polish market: Handlowy-Heller SA. It is not known at this stage whether the acquisition is likely to impact upon the bank’s factoring operation.
BCR Publishing
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