Moscow, 04.10.2016 (war and peace) – of the Transaction, the ongoing Alior Bank in the banking market will not affect the dividend amount. PZU suggests that part of the funds of the us capital will be spent on transactions for acquisitions in the insurance sector, said the President of the company Mikhail Krupiński.
“Deal, which works ABB will be implemented from the capital of the United States. I don’t think that will affect the level of dividends, in particular, will not impact next year,” said Krupiński during a press conference.
the President stressed that the first investments will be financed by us capital. However, if the group needs additional funding (over 30% of funds for acquisitions saved in a new policy dywidendowej), is in the second place will win subordinate debt, and funds from pulu dywidendowej only in the third turn.
“Our preference is to aim for the upper boundary of the interval the dividends, i.e. 50-100% if we are talking about pay-out. Every time we analyze internal development projects and goals akwizycyjne” – said Krupiński.
“we Want all the years of the strategy’s level of dividends per share – increased”, – he added.
the President said that the PZU group is interested – in addition to the seizure of the banks akwizycjami the subjects of the insurance, although at the moment it does not conduct any negotiations on this issue.
“do Not think of the use of all capital acquisitions in the Bank. In the future we think about deals in the insurance industry, but today do not negotiate in this area. We are looking primarily at the financial attractiveness of the investment. We also limited the number of targets akwizycyjnych, especially in the East-Central. DNA of this company are insurance, we are more and more pleased with the results of companies in the Baltics. Learn control over foreign companies,” said Krupiński.
PZU announced today that, in accordance with the new policy dywidendową, intends to allocate up to 20% profit on the development of organic, up to 30% to Finance strategic mergers and acquisitions, as well as at least 50% of net profit for dividend payment for shareholders.
Earlier, the insurer said that Alior Bank is one of the best platforms for consolidation of the sector, because of high productivity, innovation and high level of qualification of commercial and technological. The purpose of the Group is the construction of a banking group, which will be in the top five banks in Poland with assets worth more than 140 billion rubles.
at Present, PZU has approx. 25,26% of the shares in Alior Bank, which – following the recent acquisition of Meritum Bank is currently working on the takeover of Bank BPH.
a Group of companies Universal Insurance SA (PZU Group) is one of the largest financial institutions in Poland and Central and Eastern Europe. Except insurance activities of PZU Group also conducts activity in sphere of management of an open pension Fund, investment funds and programmes oszczędnościowymi.
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