PKO Leasing plans to complete Raiffeisen Leasing takeover by end-November

PKO Leasing, the leasing unit of the PKO BP group, plans to complete a legal merger with recently taken over Raiffeisen Leasing Polska in late April and expects operational merger to be completed by end-November, PKO Leasing CEO Andrzej Krzemiński said. “We expect the registrar court to register taking over Raiffeisen Leasing Polska by PKO Leasing on April 28, the operational merger is planned for end-November 2017,” Krzemiński explained. After the merger, the Raiffeisen Leasing brand will no longer be used by PKO Leasing. PKO expects the merger to generate PLN 35-40 million in synergies, and control about 13 percent of the market.