Treasury and UniCredit agree over Pekao share sale
Shares owned by the state are worth about zł.1.9 billion, while this year the government is planning to raise zł.2.3 billion from privatization. According to the ministry, signing a contract concerning the sale of shares of the largest domestic bank is planned for September.
This does not mean that the transaction will be carried out any time soon. The Treasury will have a selling option, while UniCredit - a purchasing option. According to Parkiet sources, terms of the contract will be binding for a relatively long period of time, while no details have been provided yet. According to the State Treasury, the terms of the contract will be revealed after signing the contract with the Italian bank.
Source: Parkiet
This does not mean that the transaction will be carried out any time soon. The Treasury will have a selling option, while UniCredit - a purchasing option. According to Parkiet sources, terms of the contract will be binding for a relatively long period of time, while no details have been provided yet. According to the State Treasury, the terms of the contract will be revealed after signing the contract with the Italian bank.
Source: Parkiet
