PKO BP gets approval for Nordea Bank Polska assets take over
The biggest Polish lender, PKO BP, has finally received the consent of financial watchdog KNF to takeover Nordea Bank Polska assets.
“When processing the motion, the KNF took into account, among others, PKO BP’s development strategy and the support declared by the State Treasury, including investor responsibilities related to a cautious and stable functioning of the bank as well as the agreed elements of support for the process of takeover by the seller – Nordea Bank AB,” the statement read.
Back in June, PKO BP announced that it would buy 99.21 percent of Nordea Bank Polska for PLN 2.64 billion, as well as 100 percent shares in insurer Nordea TunŻ for PLN 180 million and leasing and factoring branch Nordea Finance Polska for PLN 8 million.
Last week, PKO BP received a green light from KNF to complete its takeover of Nordea TunŻ.
