Dresdner Kleinwort Wasserstein and Credit Suisse First Boston are both working on the largest public offer made to date in Croatia, for the country's largest bank.

CSFB is advising Zagrebacka banka on the acquisition of a 55% stake in it by UniCredito Italiano and German insurance group Allianz. CSFB was appointed in March by Zagrebacka banka to help evaluate strategic opportunities, including handling approaches from other firms. Bill Pollard, a managing director, and Scott Rudy, a vice-president, are the principal CSFB bankers working with Zagrebacka.