Poland's Bank BGZ will issue shares worth 2.24 billion zlotys ($676 million) to merge with BNP Paribas' Polish unit following BNP's acquisition of BGZ, the lenders said.
Bank BGZ
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BNP Paribas, the largest bank in France, said it will be buying Bank Gospodarki Zywnosciowej, the Polish arm of Dutch bank Rabobank Groep, for EUR 1 billion.
French lender BNP Paribas announced its submission of a non-binding bid to purchase a 98.5% interest in Rabobank's BGZ.
UniCredit submitted a preliminary offer to purchase Poland's Bank BGZ, said a Reuters report.
