Poland OKs $500M Bank BGZ IPO

Poland’s financial regulator, KNF, has approved the planned $500 million listing of lender, Bank BGZ, Reuters reports. Poland is intending to offload its 37% holding in the lender.

The move comes after Poland failed to sell the stake to Dutch Rabobank, which controls the Polish lender with a 59% stake. Banks, managing the deal, have valued BGZ at nearly $1.5 billion.

Click here for the story from Reuters.