PKO BP with partial approval of Nordea Polska takeover
The Polish Financial Supervision Authority (KNF) has approved part of the takeover of Nordea assets in Poland by the country’s largest lender PKO BP.
In a statement on Tuesday, the watchdog said that it did not object to the planned acquisition of insurer Nordea Polska TunŻ. However, it will continue its assessment of PKO BP’s purchase of Nordea Bank Polska on its March 3 sitting.
PKO BP agreed to acquire the Polish subsidiaries of Nordea Bank in June 2013. The deal has already been approved by the Office of Competition and Consumer Protection.
