Citigroup has led the sale of a Polish zloty 567m (€121m) stake in Poland's Bank Pekao by the European Bank for Reconstruction and Development (EBRD), in a rare accelerated deal in emerging markets.

Lucy Ferguson, vice president in equity capital markets at Citigroup said: "An accelerated deal is a reasonably rare phenomenon in emerging markets."

Shanny Basar

Citigroup

Telekomunikacja Polska

Bank Handlowy w Warszawie

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US law firm hires private equity specialist from key client

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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Citigroup leads EBRD sale in Bank Pekao

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