Polish lenders to earn millions euro on Visa merger

Polish banks may acquire nearly €378 million through a merger of Visa Europe and US Visa Inc., the Polish Press Agency (PAP) reported citing their stock exchange releases. In November last year, Visa Inc. and Visa Europe announced the final deal on the merging of the two organizations into one global company. The provisions of the transaction requires approval by the market regulatory authorities , and its completion is expected in the second quarter of this year. According to market releases by PKO BP, Millennium Bank, BZ WBK , BGZ BNP Paribas, Bank Handlowy, mBank, BPH, ING Bank Śląski, it can be concluded that this transaction could earn a total of €281.17 million in cash and €96.41 million  in shares, €377.58 million in total.