Poland has put on hold the sale of a 15% stake in lender PKO Bank Polski (PKO BP), The Wall Street Journal reports. The $2.7 billion sale, originally scheduled for September, has been suspended due to market turmoil. The Polish government owns 40.99% of PKO BP, while a 10.25% stake is held by state-owned Bank Gospodarstwa Krajowego (BGK). BGK intended to sell its entire holding in the bank during the offering, while the Treasury wanted to sell up to 5%.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.