2015-06-01 11:55 Wojciech Sobieraj, president of Alior Bank [Photo: Alior Bank] 
Falling course reacted to holders of shares Alior Bank on the news of the acquisition of 25 percent of its shares by PZU. Shareholders of insurer take the information calmly – they got an assurance that their dividend is not threatened.
More than 1 percent from Monday’s losing the opening of trading in WIG20 shares quoted Alior Bank. After one hour, 11 drop has already exceeded 2 percent to Friday’s closing.
It turned out that PZU would pay for a package of 25.25 percent of the shares of Alior Bank less than would appear from Friday’s closing rate. Then the share price amounted to 92.96 zloty, while the insurer has to pay 89.25 zloty with the paper. This gives a total of over 1.6 billion. Analysts at Wood & amp; Co. in the morning commentary indicated that the share price could fall in the vicinity of the transaction price of PZU. In addition, as a risk factor indicate that Alior Bank may be the subject of merger with another bank, if PZU would have the next takeover.
According to information Saturday PZU will take over its shareholding from Alior Alior Lux S and Poland Sp. with o.o In line with earlier commitments to the Financial Supervision Commission a controlling shareholder was required to sell it to the middle of next year.
Alior Bank is one of the fastest growing banks in Poland. Its net profit after the first three months of this year amounted to over 90 million, about one-third more than last year. At the end of 2014, Alior Bank had nearly 2.6 million customers.
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“The Board of Alior Bank welcomed the information about concluding an agreement to purchase shares held by Carlo Tassara by PZU, the largest Polish insurer. In the opinion of the Management Board of PZU acquisition as a strategic investor, will lay a solid the basis for long-term development of Alior Bank and strengthen its market position “- the bank said in a statement.
Authorities PZU, in turn, the information given after the transaction suggested that it was not the only acquisition in the banking sector, for which the insurer has to go . At the same time, however, the insurer will ensure that investment plans will not affect its dividend policy.
– I want to emphasize very clearly that the board does not intend to withdraw from our recommendation regarding the distribution of profit for the year 2014. I still recommend 30 zł per share. Secondly, it is not our intention radical change in the dividend policy – Klesyk said.
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