Pekao takes over UniCredit CAIB Poland

Pekao purchased 100 percent of UniCredit CAIMB Poland’s shares from Bank Austria AG. The company will now change its name to Pekao Investment Banking. The bank’s portfolio will extend to new services such as merger and takeover strategic consulting, corporate finance, capital markets founding arrangement and  brokerage services for corporate customers. Polish Financial Supervision Authority approved the transaction in August 2014. UniCredit CAIB has been operating on Polish market for 20 years and its main activity is transaction advisory services.