English is very nice and friendly language. In my opinion, you should send
that post to eg. gov.topic.finance.banks or translate it into polish ;)

Best regards,
Adam Gentler


Użytkownik "Michał 'Amra' Macierzyński" napisał (zacytował) w wiadomości:

> LONDON (Reuters) - Insurer Prudential has raised the tempo of the auction
> for its stake in Britain's largest Internet bank Egg, saying it has
received
> further bid interest.
>
> "Prudential has now begun a process that will give a number of potential
> purchasers an opportunity to make a proposal. This may or may not lead to
a
> transaction," it said in a statement on Monday.
>
> Analysts and bankers have touted Royal Bank of Scotland RBS.L , HSBC
HSBA.L
> , U.S. credit card giant MBNA and Lloyds TSB LLOY.L as possible bidders.
>
> All of the companies have declined to comment.
>
> Earlier this month, Prudential PRU.L said it was in talks to sell its 79
> percent holding in Egg, triggering a 58 percent surge in the loss-making
> bank's shares.
>
> A spokesman for Prudential said a potential bidder had initially come
> forward about buying Egg after Prudential said in October it was looking
for
> a strategic partner for the bank's faltering French operations.
>
> "As those preliminary discussions continued, other parties came in. There
> are a number of parties we are now going to be talking to," said the
> spokesman, declining to comment on how many or which companies had
expressed
> an interest in Egg.
>
> A spokeswoman for Egg EGG.L declined to comment.
>
> Analysts and dealers have said a potential bidder could pay in the region
of
> 180 to 200 pence a share for Egg, valuing the company at between 1.5
billion
> and 1.6 billion pounds and giving Prudential a near 1.3 billion pound cash
> injection.
>
> A deal announcement is not expected for some weeks.
>
> Shares in Egg were down 1.77 percent at 185-1/4 pence in morning trade,
> valuing the group at around 1.5 billion pounds. The shares hit a peak of
> 197-2/3p last week but have retraced some of those gains over the past
three
> days.
>
> Prudential, Britain's second-largest insurer, was trading down 1.61
percent
> at 490-1/4p in a flat general market.
>
> EGG UNDER THE HAMMER
>
> Of the British banks, BNP Paribas analyst Hugh Pye said Egg would fit
> particularly well with Royal Bank of Scotland's operations.
>
> "I don't think it would be of interest to Barclays, HBOS and HSBC; it
> doesn't fit into their retail strategy.
>
> "I think the concept fits more comfortably with Royal Bank. It has tended
to
> be much keener on a multi-brand strategy, and bringing in another credit
> card business would not be a problem."
>
> Egg, which has over three million UK customers and five percent of the UK
> credit card market, remains in the red because of its struggling French
> business.
>
> Profits at Egg's main British operation more than doubled to 20 million
> pounds in the three-months to end-September, while the French business
lost
> 20.8 million pounds in the same period.
>
>
> --
> Michal 'Amra' Macierzynski
> ! Ankieta dla klientow bankow wirtualnych !
> http://www.prnews.pl/ankieta.htm
>