Bank Austria Creditanstalt , which recently completed a partial demerger from HVB ion the Vienna Stock Exchange,
is planning to list its shares on the Warsaw Stock Exchange. The bank says Poland is the most important market in BA-CA’s central and eastern European network and, subject to legal approvals, a secondary listing there will take place a s soon as possible.
The over-allotment option (greenshoe) over 4,954,760 additional shares which was granted to the consortium of banks in connection with the initial public offering of shares of Bank Austria Creditanstalt AG (BA-CA) has not been exercised.
This means that new shareholders hold 33,031,740 shares or 22.5 per cent of the share capital of BA-CA. The gross proceeds from BA-CA’s IPO amount to about EUR 960 million. With a Tier 1 capital ratio of well above 7 per cent, Bank Austria Creditanstalt has a strong capital base which will be used for further expansion in Central and Eastern Europe (CEE).