Wednesday, July 27, 2016

UniCredit is considering the sale of all shares in Pekao SA – Polish Radio

Bloomberg stating that the authorities of the Italian bank UniCredit, the main shareholder of Bank Pekao, planning a review of its assets in Poland and Turkey, which may result in the decision to sell shares in the banks, which the Italians control. Photo: Wikimedia Commons, Peter Břicháček (Briho)

Bloomberg said in mid-June that the unofficial information PKO BP plans to submit a non-binding offer for the purchase of Raiffeisen Bank Poland. Media indicated that Raiffeisenowi is also looking at PZU.

The game goes on with bank Pekao SA, belonging to Italians

On the other hand, at the end of May, also unofficially , Bloomberg gave the authorities of the Italian bank UniCredit, the main shareholder of Bank Pekao, planning a review of its assets Poland and Turkey, which may result in the decision to sell shares in the banks, which the Italians control.

Polish media have speculated that Pekao shares might be interested in PZU, but he would need support from the outside.

“Any option that leads to an increased share of (…) Polish capital in the banking sector, it is possible, also the assembly of various kinds, insofar as permitted by the rules of the game – they are, are acceptable. We are interested in these processes (…), because this year they can start one or two processes, “- he told reporters Jackiewicz.

Jackiewicz: participation of Polish entities in the banking sector is too low

He noted that the participation of Polish entities in the banking sector is too low and “password repolonizacji banks” is still valid. “I want to make the smartest deal. That’s why we look at transactions on the market” – said Minister of the Treasury.

“We are the processes interested certainly not overlook this point, we have the ability to in this process start – entities I will show no “- said Jackiewicz.

is repurchase PekaoSA finance PZU?

When asked about it, how could be financed possible transactions, he replied: “Different variants are possible. perhaps financial montages with regard to third parties, not only banks, not only insurance company, not just the most important financial institutions.”

He added that it is against this that supervised by the State Treasury entities They competed for the possible acquisition of the bank. “There is no need to compete with each other entities operate in the group of the same owner, therefore, my role, the role of government will be to eliminate the risk of any unnecessary rivalry that (…) can lead to windowania prices, and on this we do not care “- he stressed.

PZU already bought Alior Bank

last. PZU bought some shares Alior Bank. On Tuesday, the president of PZU Michael Krupiński said he expects that in the next few years, the banking sector will consolidate around 5-6 players, and Alior Bank will be one of them. “We will analyze all potential acquisition opportunities both in terms of medium-sized banks, such as Raiffeisen and major banks,” – said the Krupiński.

Gowin also talks about zrenacjonalizowaniu banking sector

Deputy Prime Minister, Minister of science and higher education Jaroslaw Gowin in an interview published on Monday in the newspaper “Financial Times” said that the foreign capital “has far too much power” in the Polish banking sector and should therefore be “zrenacjonalizować” some foreign banks in the country.

in an interview with the London daily Gowin estimated that the state should be in the framework of “economic patriotism” to take action to increase the participation of Polish capital in the domestic banking sector.

” We should take the opportunity that some of the foreign banks are faced with problems and try them zrenacjonalizować “- said Gowin ‘FT’. Official reminded that approx. 60 per cent. Polish banking sector is in foreign hands, but some banks, such as the Austrian Raiffeisen and Italian UniCredit, whose troops are in the country, considering withdrawal from the Polish market.

PAP, jk

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