BlackRock invests in Pekao
New York company BlackRock, the largest investment company in the world, announced that it is increasing its shareholding in Bank Pekao above the 5 percent’s threshold.
Americans, which have offices in 30 countries and serve clients in over 100 countries, have become the fourth-largest shareholder in Pekao, the second largest bank in Poland. Insurance company PZU is currently the largest owner of the bank (20 percent of shares), followed by the Polish Development Fund (PFR), a state development institution (less than 13 percent). Through these two companies, the Polish state holds a controlling stake in Bank Pekao.
