The group has successively announced a 10% stake reduction in FinecoBank and Pekao. The move was welcomed by the market as, with a 20bp boost to the group’s solvency ratio, it reduces the dilution risk. However, this expected move is just a first step on the long road to salvation.
13 Jul 2016
First step on the road to salvation
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First step on the road to salvation
The group has successively announced a 10% stake reduction in FinecoBank and Pekao. The move was welcomed by the market as, with a 20bp boost to the group’s solvency ratio, it reduces the dilution risk. However, this expected move is just a first step on the long road to salvation.