Global banking directory (since 2007)
Press release distribution service
Add Bank | Banking Forum
Advertise Your Business Here!
Search
  • Banking and Finance Jobs
  • Advertise With Us!
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Press Release :: KBC Group

Logo KBC GroupKBC and Banco Santander today announce a secondary offering of up to 19,978,913 shares in Bank Zachodni WBK by way of a fully marketed follow-on offering (the "Offering").

Through the Offering, KBC plans to sell 15,125,964 shares constituting 16.17% of BZ WBK current shares outstanding and Santander is expected to sell a minimum of 195,216 additional shares (constituting 0.21% of current shares outstanding) and up to 4,852,949 shares (constituting 5.19% of BZ WBK current shares outstanding). Assuming the Offering is completed in full, the free float of BZ WBK following the Offering would be c.30%.

The placement of these shares would allow Banco Santander to fulfill its commitment towards the Polish regulator that 30% of the capital of BZ WBK is in hands of other minority investors before the end of 2014. Banco Santander will continue to be the controlling shareholder in BZ WBK.

The Selling Shareholders will grant the underwriters a reverse greenshoe option in relation to up to 10% of the final Offering size. KBC and Santander will each commit to be locked-up for a period of 90 days, and BZ WBK for a period of 180 days, following the closing of the Offering.

The Offering will be made to eligible institutional investors and within an indicative price range of PLN240 to PLN270. The final sale price will be determined through a bookbuilding process that will begin today, Monday 18 March 2013, and is expected to end no later than Thursday 21 March 2013.

Deutsche Bank, Citi, Morgan Stanley, BofA Merrill Lynch, Credit Suisse, KBC Securities and Santander Investment are Joint Global Coordinators and Joint Bookrunners. Dom Maklerski BZ WBK is Joint Global Coordinator, Joint Bookrunner and Offering Agent. Goldman Sachs International and UBS Investment Bank are acting as Joint Bookrunners, while Dom Maklerski PKO BP, ING, Royal Bank of Canada and Société Générale are acting as Co-Lead Managers.

Source: KBC Group
Date: 18.03.2013
Articles
 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 International Banking Exhibition and Conference will be held in Baku

"Digital Banking and Security" titled International Banking Exhibition & Conference will be held in Baku on 17-18 of April, 2018 by FA International Trade Events. 07.02.2018 | Source: FA International Trade Events

 Blockchain Life 2017

On the 26th of September, in the Saint-Petersburg (Russia), will be held the Blockchain Life 2017 - the largest conference about Bitcoin, the blockchain, cryptocurrency, and mining. 02.08.2017 | Source: Adwad Group

 6th Edition BFSI Innovation and Technology Summit 2017

Today Indian economy is considered as one of the fastest growing economies in the world and contributing to its high growth are many critical sectors, amongst which the BFSI sector is unarguably one of the most distinguished sectors of Indian economy. 21.07.2017 | Source: Exito Media Concepts

 Can Poland become a fintech leader in Europe?

FutureTech Congress ended its two-day event devoted to innovations in the fintech, insurtech and big data industries. 26.05.2017 | Source: FutureTech


2007-2018 © Banking Directory