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PKO BP and Alior bid to buy Raiffeisen's local unit - Reuters

10:30

State-run Polish lender PKO BP  and Alior Bank  have filed bids to buy the local unit of Austria's Raiffeisen as part of the government's plan to increase control over the banking sector, a source familiar with the sale told Reuters. The source said PKO BP, Poland's largest lender by assets, and Alior, controlled by state insurer PZU, submitted offers on Tuesday. It was unclear whether they were the only bidders. Raiffeisen and PKO BP declined to comment, while Alior was not immediately available.

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