FinMin: No rivals interested in Pekao takeover

“The Polish government favors a purchase of UniCredit’s Polish lender Bank Pekao by domestic insurer PZU, but the price must be fair,” Finance Minister Paweł Szałamacha announced during the Ambrosetti Forum on August 3.

Locked content Morawiecki: PZU not negotiating with UniCredit on Pekao takeover

Poland is not conducting any negotiations with Italy’s biggest bank UniCredit regarding acquisition of its Polish unit, and any potential deal must be done on market terms, Deputy Prime Minister Mateusz Morawiecki proclaimed. On Tuesday, Reuters, citing two sources, informed that PZU CEO Micha...

Locked content PZU CEO in talks with UniCredit on buying Pekao – Reuters

Michał Krupiński, the CEO of Poland’s biggest insurer, PZU, is flying to Milan for talks on buying Poland’s second-largest bank, Bank Pekao SA, from its owner, the Italian bank UniCredit, Reuters informed, citing two sources familiar with the matter. A Reuters’ source close to the ...

Locked content PZU negotiates with banks on buying assets – CEO

Poland’s biggest state-controlled insurer PZU is considering purchasing several banking assets, CEO Michał Krupiński announced on radio Jedynka. “Currently we are in talks over buying several other banking entities,” Krupiński said. “I would not comment on concrete transactio...

Locked content PZU considers taking over Pekao and Raiffeisen Polska

Poland’s state-run insurer PZU will consider taking over Bank Peako, owned by Italy’s Unicredit and the Polish unit of Austria’s Raiffeisen, PZU’s CEO Michał Krupiński told Dziennik Gazeta Prawna daily. “As PZU we will be considering taking over Pekao and Raiffeisen,...

Locked content PZU approves PLN 1.8 bln dividend payout

Shareholders at PZU, Poland’s biggest state-controlled insurer, decided on Tuesday that the company will pay out last year’s dividend of PLN 2.08 a share, in line with PZU’s plans. The total dividend of the firm is valued at PLN 1.8 billion. The handout is also in line with Eastern...

Locked content Brexit prompts PZU to invest more abroad

Poland’s biggest state-controlled insurer PZU is going to acquire new stocks and bonds outside Poland in order to deal with risks connected with the UK leaving the EU and the under-performing Polish market. “The Brexit vote, combined with low interest rates in Poland, shows how important...

Locked content Poland interested in stakes in UniCredit and Raiffeisen Polbank

Poland would be interested in buying UniCredit and Raiffeisen Polish units, to increase control over the banking sector, which is currently 60-percent owned by foreign investors, Poland’s Treasury Minister Dawid Jackiewicz said on Thursday. According to the official, Poland is interested in po...