Pekao finalizes Pioneer takeover. Books PLN 400 mln profit

WSE-listed, state-owned Bank Pekao finalized the purchase of the remaining 51 percent stake in its asset manager Pioneer Pekao from Unicredit and will add PLN 400 million to this year’s consolidated net profit, the company said in a market filing. The €138 million transaction will reduce the lender’s CET1 solvency ratio by approximately 0.4 ppt…

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