Pekao PTE in talks with PTE H-M-C to purchase Rodzina, eyeing Ego

Pekao PTE pension fund is negotiating purchase of Rodzina pension fund with representatives of PTE Hamburg-Mannheimer-Compensa, as Pekao PTE president Tomasz Bankowski confirmed. The company has also reportedly filed a bid for the purchase of Ego fund. Shareholders of PTE H-M-C, the market's smallest pension establishment controlled by German Ergo Group, decided to sell their shares in Rodzina at the end of March. At that time its net assets totalled zl.12.4 million. "We are interested in taking over the administration of funds and not in merging companies,"said Bankowski. He added that he seeks to increase the fund's market share to 2.5% so that it would reflect the market position of its shareholder Bank Pekao S.A. Currently, Pekao PTE manages Epoka pension fund and has already filed its bid with the Pension Fund Supervisory Office (UNFE) to take over Pioneer OFE pension fund. At the end of March, Pioneer's assets amounted to zl.81.5 million, Epoka's to zl.20.9 million, and Ego's to zl.170.7million. (Puls Biznesu, p.4) M. S.-C