BZ WBK close to buy Deutsche Bank Polska

WSE-listed lender BZ WBK has entered exclusive talks with Deutsche Bank Polska regarding the potential takeover Reuters said, citing two sources familiar with the matter. According to them both sides are negotiating the price and hopes to sign a deal before Christmas. Both banks declined to comment. Deutsche Bank wants to sell its Polish assets to free up capital as part of a deep overhaul of its operations. It will keep its corporate business division and foreign currency loan portfolios, and sell everything else. According to media reports, mBank and Millenium Bank were also in the running to by the assets.