The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
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
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.
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