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.

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