Erste Group plans tender offer to raise Erste Bank Polska stake by up to 26%
Offer expected in November at about 713 zloty per share in cash; Erste Group seeks a stake above 50% but below 75%.
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Erste Bank plans offer to raise stake in Erste Bank Polska by up to 26%
Austria's Erste Group Bank VIE:EBS said on Friday it plans to launch a tender offer to take an additional up to 26% stake in Erste Bank Polska GPW:EBP, looking to deepen its exposure to the key Polish market.Erste Group currently holds a 49% stake in Erste Bank Polska — Poland's third-largest bank…