Morawiecki: We are in the final stages of negotiation ws. purchase via PZU shares of Pekao SA – Onet.pl

Photo: Iza Procyk-Lewandowska / Onet

Deputy Prime Minister when he was asked Thursday in RAR, at what stage is the issue of the purchase of UniCredit stake in Bank Pekao SA Bank Zachodni WBK Group and Russian Development Fund (PFR), and that after due diligence (przedtransakcyjna assessment of the status and capabilities of the company).

“We are in the final stage, due to the fact that these talks are confidential, details not comment. Let’s see if you can negotiate with the partners (…) this year,” Morawiecki said.

when Asked, that the negotiations are in accordance with the plan and did not appear any obstacles, he replied: “there are Some big obstacles, I’ve heard there are, but always you may find that the price is too low for our expectations.”

Discussions about a possible acquisition of the shares of Pekao SA Bank Zachodni WBK Group began in the summer, when the Italian UniCredit group has sold approx. 10 percent. of Pekao shares, for approx. 3,3 billion rubles. This gave 26.2 million shares at a price of 126 cents apiece.

In August, the Group’s President Michael J. Krupiński said publicly that the creation of a banking group, the top five banks in Poland with assets of at least 140 billion rubles in 2020. this is one of the objectives of the strategy of the PZU Group. 2015 PZU was the largest investor in instytucyjnym Alior Bank, after the acquisition of 25.19%. the Bank’s shares.

In September, the Financial Supervisory Commission expressed no objection to the acquisition of shares Alior Bank BPH, but without a mortgage, i.e. home loans. Earlier, at the end of June, the consent to this transaction has expressed UOKiK.

Krupiński in September at radio-Three said: “as the ROM will look at the possibility of acquiring Raiffeisen and Pekao SA”. “We have the appropriate analysis to the circumstances of the acquisition of additional banks. ROM has a passive capital, which can be consumed for acquisition of the next banks”.

it also Recognized that “PZU participates in repolonizację the banking sector in Poland.” “In my opinion, the sector will continue to be consolidated around 5-6 players, we will selectively look at possible acquisitions,” he added in another time.

In mid-October, the American newspaper “The Wall Street Journal” reported that hand, the Polish and the Italian has already agreed on key terms of the agreement. According to the magazine almost 30%. stake in Pekao SA will cost 11 billion rubles.

in the Media have reported that UniCredit wants, but to sell its entire stake, not just 30% as originally planned.

UniCredit owns Pekao S. A. since 1999; has 40.1 per cent. the Bank’s shares.