C (Citigroup) Message Board

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Non-Tech : C (Citigroup)

C 101.69

+0.7%

Nov 5 3:59 PM EST

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To: JEB who wrote (101)	1/26/2000 5:05:00 PM
From: Doug (Htfd,CT)	of 259

Citi said to bid for big Polish bank & dominant insurer According to Reuters, quote: "U.S. financial giant Citigroup (NYSE:C - news) plans to extend its foray into Europe by buying Poland's biggest corporate Bank Handlowy and a stake in dominant insurer PZU, a source at a foreign bank said on Wednesday. The deal, which follows Citigroup's acquisition of the investment unit of Britain's Schroders last week, would transform the U.S. group overnight into the most powerful force in the Polish banking sector." "A stake in PZU would also give Citigroup a strong foothold in the Polish insurance market, where PZU has a 60 percent share in the non-life, and 63 percent share in the life insurance market." endquote emphasis added Doug

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