Tuesday, August 23, 2016

PZU will take PEKAO? They will be secret talks – Onet.pl



Actions PEKAO worth 13 billion zł

As reported daily, engagement of the Fund is necessary because the value of belonging to Italians 40 percent. stake in the bank more than 13 billion zł. Meanwhile, the surplus capital of PZU, which is the amount that a company can spend on shopping, it’s “only” 5-6 billion zł.

neither the press office of PZU, or PFR did not confirm this information. Earlier on Wednesday, PZU will present a new strategy and financial results.

On Monday, the president of PZU Michael Krupiński informed Program the first Polish Radio that PZU, which controls Alior Bank, is negotiating the purchase of several other banks. He would not reveal the details.

In turn, the “Rzeczpospolita” daily reported, citing a strategy of PZU, the which reached the goal of the insurer it is to hunt down within four years, “big game.” The banking pillar insurer has a fast pace to double its assets to 140 billion zł.

“(… ) pillar of banking, in addition to synergy for bancassurance, is to give tangible benefits to shareholders. As early as in 2020. its contribution to the result of the insurer is expected to reach 450 million zł (currently zero) “- the newspaper said.



PZU changing strategy dot. dividend

the company’s strategy will refer also to the issue of the dividend. The current policy assumes that the shareholders flows of 50-100 percent. profits. According to the information “Rom” it shows that the records are modified – shareholders have continued to receive at least half of the profit as dividend, but a portion of earnings is going to improve innovation.

The company also is looking for acquisition opportunities in the market TFI. In addition to domestic companies, also takes into account the foreign asset management companies.

“All these plans have to go a pair of worth 400 million zł per year savings: in 2018. costs to be 20 percent. lower than in 2015 “. – Provides “Rzeczpospolita”.

According to the newspaper, the management group has to say goodbye responsible for the finances of the Sebastian Klimek, which deals with the CBA.

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