Building Strategic Alliances to Maintain Independence: Bank Millennium and Banco Comercial Português

Anna Szcześniak
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Anna Szcześniak: Institute for Private Enterprise and Democracy

Chapter 11 in Acquisition Strategies in European Emerging Markets, 2007, pp 147-160 from Palgrave Macmillan

Abstract: Abstract The case of Bank Millennium shows how the top management of a Polish bank remained relatively independent by finding a sympathetic foreign investor. This alliance was created in reaction to an attempted hostile takeover by a major global player. The spectacular fight for the bank attracted considerable attention from the Polish business community. The case thus shows how a local firm can find partners when its business models are clear and promising.

Keywords: Strategic Investor; German Bank; Corporate Banking; Warsaw Stock Exchange; Corporate Customer (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28654-2_11

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DOI: 10.1057/9780230286542_11

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