The Support Rating could be upgraded if Fitch takes the view of at least a moderate probability of support from PZU
In an earlier report, Reuters saidA Raiffeisen Polbank is estimated to have a book value of PLN 6 billion (EUR 1.4bn/USD 1.6bn) and PZU
is ready to settle for a price of only one time this value
Jagiello has denied an earlier report in the local media that the bank was considering bidding, with Polish insurer PZU
.WA), for Czech CSOB AS, a unit of Belgium's KBC Group NV (KBC.BT).
Preventa said in a statement that the Polish firm, part owned by state insurer PZU
, had purchased an issue of 60,000 new shares at 160 Litas per share, well over the 100 Litas nominal value.
Global Banking News-October 17, 2016--UniCredit to sell Bank Pekao stake to Poland's PZU
in Italy, Credit Suisse in Switzerland, Metro Bank in the UK, PZU
in Poland, Sberbank in Russia, Westpac in Australia, and Goldman Sachs and Keybank in the US.
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
SA (WSE: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.enpublishing.co.uk
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
Polish insurance provider, state-run PZU
.WA), has said that it has started negotiations with Italian banking group, Unicredit (CRDI.MI) over buying the lender's Polish unit, Bank Pekao (PEO.WA).