PZU closer to acquisition of Bank BPH - Reuters

Poland's biggest insurer PZU may sign a preliminary deal to purchase Bank BPH by the end of the year, Reuters reported, citing a financial sector source. According to the source, "BPH owner, General Electric, is under pressure to sell as many of its GE Capital branch's assets this year, if possible." PZU  bought a stake of over 25 percent at Alior Bank, and the insurer recently said it would also be interested in state-owned BOś Bank.