Type
Merger/Acquisition
Country
Poland
Region
Poludniowo-Zachodni; Dolnoslaskie; Miasto Wroclaw
Location of affected unit(s)
Wrocław
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

200 jobs
Number of planned job creations
Job creation
Announcement Date
26 April 2005
Employment effect (start)
Foreseen end date

Description

French bank Société Générale has bought Polish Euro Bank, which operates from September 2003. The bank will be managed by the same team and will keep the same name and strategy. Société Générale announced that it will invest circa PLN 100 million in Euro Bank. It plans to open at least 40 new departments in 2005, widen the network of distribution, and begin franchising and licensing.


Sources

  • 26 April 2005: Rzeczpospolita

Citation

Eurofound (2005), Eurobank, Merger/Acquisition in Poland, factsheet number 61548, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61548.