Alior Bank on threshold of Meritum Bank acquisition

The Polish Financial Supervision Authority (KNF) approved the purchase of Meritum Bank shares by the WSE-listed Alior Bank, according to the press release. Alior Bank will buy the majority shareholding worth PLN 352.5 million from  Innova Financial Holdings, WCP Coöperatief  and  the European Bank for Reconstruction and Development. The transaction will be completed after Alior changes its bank charter.  In December 2014, the Office of  Competition and Consumer Protection (UOKiK) gave the transaction a green light. Alior Bank has been operating since 2008.