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Provider: Stock Traders Daily
Provider: Stock Traders Daily
Provider: Wright Reports
Provider: Reuters Investment Profile

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Banco Santander SA, KBC Groupe SA Plan To Sell Bank Zachodni WBK SA Shares-Reuters

Monday, 11 Mar 2013 04:41am EDT 

Reuters reported that Banco Santander SA and KBC Groupe SA have hired advisers to help them unload shares in Polish lender Bank Zachodni WBK SA (BZ WBK) in 2013, BZ WBK said. KBC has already said it would seek to sell its 16% stake in BZ WBK, which it received as part of the deal to sell its Polish unit Kredyt Bank to Santander, which merged it with BZ WBK. Santander, which holds a 75% stake in BZ WBK, has also committed itself to cutting its stake to increase the lender's freefloat. 

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