Merger of PZU and Pekao may ensure stable and predictable dividends
PZU and Bank Pekao announced plans to merge, aiming to create a stable, dividend-paying financial group while maintaining capital strength and business growth. Both institutions emphasized their commitment to continuing predictable dividend payouts, supported by strong profitability in recent years. The merger would release up to PLN 20 billion in surplus capital. The new group will be led by the bank, not the insurer.
This will require restructuring PZU into a holding company and a separate insurance subsidiary, followed by the merger of the holding with Bank Pekao. The merged entity will be publicly listed, with the State Treasury holding around 27%. Plans for Alior Bank are under review, with options including a sale or merger with Pekao.
(pb.pl)
