Bank of America will up its stake in Polish fruit and vegetable processor Hortex to 92%.


The bank will buy the additional stakes from Poland’s Bank Handlowy (31.1%) and the European Bank for Reconstruction and Development (22.9%) respectively. Bank Handlowy is a subsidiary of Citibank of the US.


“The transactions performed by the Bank of America confirm its support of the restructuring and development process of the company,” Hortex said.


 

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