PKO BP finalizes Nordea takeover
Poland's top lender PKO BP has concluded its takeover of Nordea's Polish assets for a
total of PLN 2.81 billion, the bank said after the concluded tender offer for Nordea
Bank Polska.
Legally, the merger with Nordea Bank Polska will be carried out at the
beginning of October 2014 but full integration will be achieved by H1 2015, the bank
said.
Nordea Polska TUnZ insurer will remain a separate unit within the PKO BP
capital group, functioning under PKO's brand, while Nordea Finance Polska will be
merged with PKO Leasing, the statement said.
