WA) (LSE: UNC) is set to sell most of its controlling stake in Bank Pekao SA to state-run insurer PZU
6bn) and PZU
is ready to settle for a price of only one time this value
According to one of the sources, PZU
is currently in negotiations with Raiffeisen and does not have anyA competition worth speaking of.
The government, which in 2012 put parts of its holdings in PGE as well as lender PKO Bank Polski SA (WSE:PKO), insurance company PZU
) and chemicals maker Ciech SA (WSE:CIE) on the sell-off list to be able to speed up investments via the fund, does not need to add further assets, Kowalczyk said, as quoted by Bloomberg.
Global Banking News-September 10, 2010--Poland likely to sell shares in PKO Bank Polski, PZU
in 2011(C)2010 ENPublishing - http://www.
BANKING AND CREDIT NEWS-August 11, 2010--Polish PZU
keen to buy subordinated debt of PKO(C)2010 M2 COMMUNICATIONS http://www.
The licences were granted to a consortium of Commercial Union and Polish banks BPH SA and WBK, a consortium of state-owned PKO BP bank and Bank Handlowy SA, to a Polish unit of Nationale Nederlanden, Polish BIG Bank Gdanski SA, the Pioneer fund company and to Polish insurer PZU
The chief executive of Poland-based insurer, PZU
, is going to Milan for talks on buying Poland's second-largest bank, Bank Pekao SA, from its owner, Italy-based UniCredit (UCG.
17 April 2014 - Polish insurer Powszechny ZakA'ad Ubezpieczen SA (WSE:PZU
), or PZU
, is still looking at buying domestic medical services providers, CEO Andrzej Klesyk said today as cited by Reuters.
BANKING AND CREDIT NEWS-10 August 2010-Polish PZU
keen to buy subordinated debt of PKO(C)1994-2010 M2 COMMUNICATIONS http://www.
ABN AMRO, which was chosen as adviser for the PZU
privatisation recently, started its activities in Poland in 1991.