Alior Bank and Bank Pekao call off merger

The management boards of Alior Bank and Bank Pekao have decided to end analyzes and negotiations regarding their possible merger. It was considered that, taking into account the current valuation of both companies, the analysis of profitability and feasibility, the more beneficial option from the shareholders’ point of view will be their separate activity and cooperation within the PZU Capital Group.

The banks informed the market in October 2017 about the launch of preliminary talks on cooperation and the signing of a letter of intent. The decision on opening talks with Bank Pekao was made by the management board of Alior Bank on May 29 this year.

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