Political opposition still clouds Pekao-Bank BPH merger

In the meantime, advisors of the Italian bank are working out a rescue plan in case UCI is forced to sell the shares in the bank. One of the scenarios being analyzed envisages the sale of shares in BPH to Pekao and then UCI would not violate the domestic regulations prohibiting it from owning a competitive bank. "Excellent idea if it only concerned the breach of the privatization contract stipulations of Pekao. The problem is that the Polish government does not support the merger of BPH with Pekao and the creation of the largest bank in the market," said Dariusz Górski, an analyst with DB Securities. (Puls Biznesu, pp. 1, 8) M.M.