PZU to buy Bank BPH by the end of the year

Poland's largest insurer PZU is expecting to finalize talks with General Electric regarding the sale of Bank BPH, its CEO Andrzej Klesyk told the ISBnews agency. "It is possible that this year we will come to an agreement regarding the sale. I guess that the decision is in the American owners' hands, they have to make the final decision if they will sell the lender," Klesyk pointed out. By the end of August, Przemysław Dąbrowski who is a member of the board of managers at PZU said that the company may still sign another acquisition deal this year. In July, the insurer obtained  a green light to acquire Alior Bank from the anti-monopoly watchdog.