Government remains hostile to UCI taking over BPH

"Law and Justice (PiS) is still against UCI taking control of BPH," announced Przemysław Gosiewski, head of the PiS parliamentary club. Thanks to the merger of Pekao and BPH, a Central European banking giant would be created, which was one of the main reasons, according to analysts, to go ahead with the UCI-HVB merger. If the Italian investor decides to sell BPH, as it is expected by the government, it should not have a problem with finding a buyer, but it's market share would fall by half. "Poland is a key element for the success of the whole UCI/HVB operation," said Thomas Rothaeusler, an analyst with Sal Oppenheim. (Puls Biznesu, p. 8) A.K.