WARSAW, March 21 Belgium's KBC and
Spain's Banco Santander closed books in the sale of a
minority stake in Polish lender Bank Zachodni WBK at
245 zlotys per share, three market sources told Reuters on
Earlier this week, KBC and Santander said they were placing
almost 20 million shares in BZ WBK. KBC was to sell its
16.2-percent stake, while Santander, which holds a 75 percent
stake in BZ WBK, was to sell up to 5.2 percent.
The share placement for institutional investors is aimed at
raising the free float to about 30 percent. It was to be priced
in the 240-270 zlotys per share range.
(Reporting by Agnieszka Barteczko and Pawel Bernat)