BPH-Pekao merger

If passed by the Sejm, it would remove the final obstacle against Unicredit taking over BPH within the framework agreed with the Polish government. The bill envisages allowing Unicredit to transfer part of BPH's assets to Pekao, thus lowering BPH's capital. In return, BPH shareholders will be granted Pekao shares, to a sum equivalent to the value of the transferred assets.