PZU with binding offer to buy Alior

State-controlled insurer PZU has already made a binding offer to purchase a 25 percent stake in Alior Bank, Puls Biznesu daily reported. "Even if we make an acquisition of a lender, there are no plans of merging PZU branches with the lender's branches," Przemysław Dąbrowski, the firm's CFO said on Wednesday. In late April, Andrzej Klesyk, the CEO of PZU, said that in case the insurer was to get involved in Polish banking, it would be a capital investment in one cheap lender or in two financial institutions to be integrated with PZU.