Locked content UniCredit announces re-issuing of shares for mid-January

The WSE has suspended trading of shares in UniCredit, according to a press release by the latter on Friday. The investment and corporate bank, which also issues leases, requested that the Stock Exchange issue the suspension, as it said it planned to merge stock. UniCredit earlier said that the WSE b...

PZU and PFR to buy 32.8% stake in Bank Pekao

Polish insurer PZU and Polish Development Fund PFR will buy 32.8 percent of Bank Pekao shares from its owner, Italian UniCredit for PLN 10.6 billion. The remaining UniCredit stake in the second biggest Polish lender (7.3 percent) will be sold on the market via equity-linked certificates.

Locked content PZU purchase of Pekao expected soon

The plan by Poland’s largest public insurer, PZU, to buy a large percentage of shares in Pekao Bank should be known within two weeks, according to a Polish press source. “Due diligence continues, there is a chance that it will end this week. (However) it is likely that we still need a week or two...

Locked content Kruk to buy debts from UniCredit worth PLN 4 bln

ItaCapital s.r.l. based in Milan, a subsidiary of Kruk, has entered into binding agreements with entities belonging to the UniCredit Group in Italy – Milan-based UniCredit S.p.A. and Verona-based Arena NPL One S.r.l. – for the purchase of receivables from unsecured consumer loans with a total nomina...

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 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...