NIK report on UniCredito's takeover of Pekao

By taking over HVB bank, Unicredito indirectly became an owner of bank BPH PBK SA, which undoubtedly represents competition for Peako. This stance confirms the arguments of the government. However, the compromise with UniCredito has been already reached and the NIK report cannot change anything. Apart form this one criticism, NIK positively evaluated the fulfillment of other privatization vows of foreign investors in Pekao SA, BPH PBK SA and Bank Zachodni WBK SA. (Parkiet, p. 7) J.L.