AI PTE & PB PTE pension funds weigh merger options

Pocztowo-Bankowy PTE and Arka Invesco PTE pension funds are now finalizing talks about a possible merger. The deal may prove very fruitful for both sides, since Pocztowo- Bankowy PTE is desperately seeking financial injection and Arka Invesco PTE must increase its membership in order to cement its stability. The merger may still not take place if the management boards of the pension funds cannot manage to cajole their foreign investors to provide the required capital. The two pension fund authorities would not comment on the deal. It is known, however, that the talks concern two more undisclosed pension funds. If clinched, the merger will be the first of this kind in Poland. According to unofficial sources the exact amount of money involved in the deal will be known in two weeks. The two companies are now awaiting shareholder approval. (Puls Biznesu, page 7)