Private Equity-Backed VeloBank Eyes Polish M&As After Citi Deal
Fast growing VeloBank SA, backed by US private equity fund Cerberus Capital Management LP, is on the prowl for more Polish takeovers after it bought Citigroup Inc.'s retail operations in the country.
'Any assets that will help our strategy to expand our scale may be potentially interesting for us and our investors,' VeloBank Chief Executive Officer Adam Marciniak said in an interview. He declined to name any specific targets but said 'our cooperation with Cerberus is optimal.'
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