October 31, 2019 / 9:50 AM / 20 days ago

CEO of mBank says would prefer newcomer to Poland as strategic investor

FILE PHOTO: The headquarters of the Commerzbank are pictured before the bank's annual news conference in Frankfurt, Germany, February 8, 2018. REUTERS/Ralph Orlowski

WARSAW (Reuters) - The chief executive at Commerzbank’s Polish unit mBank (MBK.WA), Cezary Stypulkowski, said on Thursday he would prefer a company which is not yet present in Poland to become a strategic investor in mBank.

Commerzbank (CBKG.DE) is sounding out potential buyers for its stake in mBank ahead of a formal sale process which is expected to launch in the coming months.

Poland’s finance minister said state-run banks should look at mBank.

Reporting by Marcin Goclowski; writing by Agnieszka Barteczko; editing by Jason Neely

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