Less than a year after entering the Polish financial market, the Dutch lender Rabobank is making plans to take over the Polish Bank Gospodarki Żywnościowej (BGŻ). It already controls nearly 60 percent in one of the country’s biggest lenders. To achieve this, Rabobank is offering PLN 72.5 per share in BGŻ, a 54 premium over the bank’s current market value. The offer is expected to satisfy Poland’s Ministry of Treasury, analysts claim, as the state currently holds 25.5 percent stake in the Polish lender. Rabobank would still need approval from the Polish Antimonopoly Office.
