Alior Bank SA’s main shareholder, Carlo Tassara SpA, is working with UBS AG to sell at least 30 percent of the bank that held Poland’s biggest initial public offering last year, three people familiar with the matter said.
Warsaw equity sales in January, the largest in Europe, beat the total value of last year’s deals and will rise more with a KBC Groep NV sale as Poland boosts investments to spur the economy and lenders shore up finances.
Bank Pekao SA, Poland’s second- biggest lender, dropped the most in more than two years after UniCredit SpA said it was selling as much as 9.1 percent of its local unit to free capital and increase earnings.
Shares in Nigerian banks such as Skye Bank Plc , Access Bank Plc , Diamond Bank Plc and First City Monument Trust Bank Plc are poised to gain after the state-owned company that will buy bad debts from lenders provided more detail on how it will operate, Renaissance Capital said.
Preferred shares of OAO Sberbank, Russia’s biggest lender, fell to a seven-month low after Interfax reported Chairman German Gref signaled the securities will not be converted into ordinary shares in the near future.
Renaissance Capital, the Russian emerging-markets bank with operations in Africa, reinitiated coverage of six Nigerian banks with “buy” ratings after the end of general elections in Africa’s most populous nation.
Nigeria’s stocks gauge rallied the most in four months, led by Dangote Cement Plc and First Bank of Nigeria Plc , the nation’s third-biggest lender, which Renaissance Capital rated “buy” in reinitiated coverage.