August is traditionally a month of holidays in Italy. Not Unicredicie. In Milan, where is the headquarters of the largest banking group in the peninsula, a few weeks is hot – literally and figuratively. The bank continues feverish work on a plan to acquire 8-9 billion. A week ago, it turned out that the capital needs are greater than previously thought, but the bank has posted a pretty decent first-half results. It was also an opportunity to talk to analysts and investors with the new Head of Jean Pierre Mustierem, who took over the governments on July 12. When asked about plans to sell Pekao, owned in 40 percent. Italians, he said that all options are being considered, but no decisions have yet been taken.
A few days earlier, Bloomberg reported that Unicredit planned disposal of all Polish business. In contrast, Reuters, citing an interview with two sources (conducted before the publication of the results), reported that Unicredit will try to limit the size of the issue of shares by selling assets – and starting next month (says one source), and Jean Pierre Mustier do not hesitate before leaving investors with big offer to once and for all solve the problems the bank’s capital (as claimed by the other party agency).
According to “Puls Biznesu”, indeed no decisions on Pekao did not collapse. Are taken into account while three scenarios: maintaining the status quo by bringing in money from other sources, the sale of bank shares through the stock exchange distributed to investors and the sale of the entire package to one buyer.
– The second scenario is strongly supported by management Pekao – says one of our sources. Favorable to such a solution is also to be national supervision.
It is not known, however, for such a plan’s view is Milan. Perhaps soon we’ll know. According to our information, at the beginning of September the head UNICREDIT come to Warsaw to talk to the Financial Supervision Authority plans to Italians to Pekao.
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