Alior to get PLN 94 mln in BPH purchase-related settlement

WSE-listed Alior Bank will get PLN 94.3 million from GE as part of the settlement agreement related to the purchase of BPH in late 2016, the bank said in a market filing. “The settlement relates to the acquisition of a part of BPH's assets and certain other claims, costs, and payments related to the transaction. On the basis of a settlement, the sellers agreed to pay Alior Bank PLN 94.3 million, and the bank confirmed that upon receipt of the above-mentioned the amount will not raise certain claims regarding the settlement of the acquisition of part of BPH's operations,” Alior said in a market filing. The settlement will have no significant impact on Alior Bank‘s financial results.