Alior Bank bought from the Italian UniCredit 10% of Bank Pekao – Newspapers – Wyborcza.biz

Warsaw, 07/15/2016 (ISBnews) – Alior Bank bought from the Italian UniCredit 10% of Bank Pekao, which would confirm speculation that the transaction was General Insurance (PZU), which is the largest shareholder of Alior, said “Newspaper Poland daily “, citing unofficial information. President of Alior Bank denied this information this morning.
“From unofficial sources we learned that actually Polish insurer was behind this transaction because it is controlled by PZU Alior Bank took over from the Italians 10% stake in Pekao” – writes the daily.
According to the “GPC” deal would mean the beginning of the announced by the government of PiS action repolonizacji operating in the country banks.
“Analysts have previously said that the sale of shares of Bank Pekao UniCredit may be the perfect opportunity to launch the shares repolonizacji operating in our banks. They pleaded with including the statements of Deputy Prime Minister and Minister for development Mateusz Morawiecki and president of PZU Michael Krupiński “- read as well.
CEO of PZU he announced a few days ago that the insurer with Alior will selectively studied the potential opportunities akwizycyjnym and the PZU Group will consider both acquisition Pekao and Raiffeisen. In the face of a slowdown and troubles of their own owners of banks in Poland, mostly coming from Western Europe, are increasingly eager to dispose of assets.
Reuters reported today that the President of Alior Bank Wojciech Sobieraj denied reports in the purchase package approx. 10% Pekao.
“What can I say? Not true,” – said the agency Sobieraj.
UniCredit said Wednesday that it sold 26.2 million shares (approx. 10% of the capital) of Bank Pekao in an accelerated book-building process at a price of 126 zł per share, for a total amount of 749 million euro, ie. approx. 3.3 billion zł. With this transaction CET 1 ratio of UniCredit Group will increase by approx. 12 basis points.
Upon completion of the offer, UniCredit will continue to hold a controlling stake in Pekao, which corresponds to 40.1% of the share capital of the company.
Earlier, UniCredit announced that it had sold 60.7 million shares of FinecoBank SpA, representing 10% of its share capital, through a process of accelerated book building for a total of approx. 328 million euros.
Alior Bank began operations in November 2008. The Bank made its debut on the Warsaw Stock Exchange in December 2012. The assets of the bank were worth 40 billion zł the end of 2015.
Capital group of PZU SA (PZU Group) is one of the largest financial institutions in Poland and Central Europe Eastern Europe. In addition to the business of insurance PZU Group is also active in the management of open pension fund, investment funds and savings programs.
UniCredit is one of the largest banking groups in Europe, operating in 50 countries worldwide, including nearly 20 in Europe. It is listed on the Warsaw Stock Exchange since 2007. Group is a strategic investor of Bank Pekao since 1999.
(ISBnews)