Brief: Erste Bank Polska Plans Transfer Of Erste TFI Control To Erste Group Entity
BRIEF-Erste Bank Polska Plans Transfer Of Erste TFI Control To Erste Group Entity July 2 (Reuters) - Erste Bank Polska SA EBP.WA:
TO SELL ONE SHARE OF ERSTE TFI TO AN ERSTE GROUP ENTITY FOR EUR 2,924
PLANS FOR ERSTE GROUP ENTITY TO TAKE CONTROL OF ERSTE TFI AS PART OF NEW INVESTMENT PRODUCT DISTRIBUTION MODEL
ESTIMATES ONE-OFF IMPACT ON CONSOLIDATED NET RESULT AT ABOUT 540 MILLION ZLOTYS FROM VALUATION OF REMAINING TFI SHARES
ERSTE TFI TO LOSE SUBSIDIARY STATUS AS A RESULT OF PLANNED TRANSACTION AND BE ACCOUNTED FOR AS ASSOCIATE USING EQUITY METHOD
Source text: ID:nEM6KZhkNa
Further company coverage: EBP.WA
(Reporting by Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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