29.04.2010
Current Report No. 25/2010The Management Board of BRE Bank SA (the "Bank") announces that on 29 April 2010, the Bank concluded a binding agreement on sale of the banking enterprise of Commerzbank AG Spółka Akcyjna Oddział w Polsce (former branch of Dresdner Bank AG in Poland; the "Branch") with Commerzbank AG (the Bank's dominant entity).Under the aforesaid agreement, the Bank undertook to acquire the ownership of the banking enterprise of the Branch. The transfer is expected to take place in Q4 2010 under a dispositive agreement on sale of the banking enterprise of the Branch to be concluded by the Bank with Commerzbank AG.The value of the banking enterprise of the Branch was set at PLN 16,800,000 [sixteen million eight hundred thousand]. The final sale price will be determined in the dispositive agreement with Commerzbank, yet it should not exceed the aforesaid amount. The Bank announced the start of integration between the businesses and operations of the Bank and the Branch, and the consent for acquisition of the banking enterprise of the Branch granted by the Polish Financial Supervision Authority in Current Report No. 48/2009 dated 13 October 2009 and Current Report No. 15/2010 dated 23 March 2010.