UniCredit is considering the sale of brokerage FinecoBank and his other foreign companies, including Turkey and Poland – informs Bloomberg rely on informal discussions. Under the hammer could then go the Turkish Yapi ve Kredi Bankasi AS and Polish Pekao.
Why Italian owner has to dispose of the bank in Poland? Through the new European directive, the bank must increase its capital y, in order to maintain specified levels of security.
According to information compiled by Bloomberg shows, however, that no concrete decisions will be taken unless there are changes in the board of the Italian owner of Pekao. Shareholders want to replace Federico Ghizzoniego fact, the current managing director of UniCredit. They do not like the fact that despite the sharp cost cutting and layoffs, the bank still is not sufficiently capitalized.
On June 1 is planned meeting at which, according to information the agency, former Ghizzoni should be dismissed.
UniCredit spokesman declined to comment Bloombergowi.
Earlier, in 2014, UniCredit got rid of 30 percent. shares of online broker Fineco, which gave him about 673 million euros. Now, if he decided to sell it remained that 66 per cent., Would get another 600 million euros.
Pekao is trading at the stock exchange in Warsaw at nearly 40 billion zł (capitalization of the Unicredit, also listed on the Warsaw Stock Exchange is 76 billion zł). UniCredit has 50.1 percent. shares.
Who will buy Pekao?
If the second-largest bank in Poland is actually issued for sale, it could be an opportunity for further repolonizacji banking sector in Poland. According to earlier announcements, PZU wants to enlarge its share in the banking industry. PZU has now, however, approx. 5-7 billion zł free cash. To take over the second largest bank in Poland could be so need support from the outside.
At the beginning of April 2016 Alior Bank for more than 1.2 billion zł bought BPH. To raise the funds for the purchase of assets BPH issues new shares with pre-emptive rights for existing shareholders. The main shareholder of PZU has committed to purchase these shares, which means that it really is the insurer will be the largest sponsor of the acquisition of BPH.
Decisions PZU and Alior applaud wit Treasury. Treasury Minister Dawid Jackiewicz, has long been repeating that “you have to invest in banking, you need to invest in the banking sector so as to enhance the return of the Polish capital.”
The market speculated that Alior Bank, and indirectly PZU may also want to buy Raiffeisen Polbank.
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