on Wednesday evening, we were not able to obtain comment from the company on this issue. If confirmed, will be the end and continuing to the October negotiations. That PZU serious talks with the Italian UniCredit, the owner of Bank Pekao, the insurer announced in mid-October. However, speculation about a potential acquisition of control of a Bank appeared in the spring.
that PZU wants to buy the second largest Bank assets in Poland and the PFR was reported first in the second half of August. Then we wrote that our sources indicated that the negotiations concern, rather, pack 33%. which gives władztwo corporate, and not all available from the Italians of Pula is 40%.
in addition, from our data followed that PZU expects 10%. discounting and would like to get the deal, print capture Aliora, was deployed “in installments”, that is, buying packs of 10 percent. intervals constituting not less than 60 days, that would not have been necessary, declaring the invitation of Pekao shares.
In August, it was reported that the PFR together with the ROM to appoint a special company that will make the capture. How will the distribution of shares between ROM and PFR? According to our wishing anonymity, sources close to the case of PZU would take 20 percent. shares of Pekao, the Polish Foundation for the Development was then 13 percent. the Bank’s shares.
data indicated that the ROM can take 20-23% and PFR 9-13 percent. Pekao. It is not known what parameters of the transaction. In October, the American magazine Wall Street Journal reported that the deal PZU to pay around 11 billion rubles, about 30 percent. shares of Bank Pekao. UniCredit currently has 40,10%. of Pekao shares. In July, UniCredit sold in the process of accelerated book manufacturers demand OK. 10 percent. of Pekao shares, for approx. 3,3 billion UAH.
PKO BP will give credit?
on Wednesday evening the biggest Russian Bank issued one of the customers, which is not disclosed to present at the Consulate statement on the basis of which undertook to provide a loan in the amount of 3.2 billion rubles przeznaczanej to Finance the investment activities of the client.
most Likely, we are talking about Russian Development Fund, which will Finance its share. The rest, which is about 7.8 billion rubles will have to pay ROM. The insurer has about 6 billion of us capital, so that at such parameters of the transaction brakłoby he is about 1.8 billion rubles.
As asserted at the beginning of October the Chairman of the Board Michael J. Krupiński all acquisitions will be primarily funded from the capital of the United States. However, if the group needs additional funding (in excess of 30 percent. funds for acquisitions saved in a new policy dywidendowej), is in the second place will win a debt slave, and the funds from the Bank dywidendowej only in the third turn. Everything points to the fact that PZU will issue bonds.
Banks change owners
Construction Bank’s feet in ROM started last year for the previous Chairman Andrew Klesyka. The insurer first acquired controlling stake in Alior Bank, then in the beginning of this year, BPH, and is currently negotiating the purchase Raiffeisena. Its Austrian owner of RBI has until the middle of next year to sign the agreement, the installation bolts of the deal, which is quite difficult because the Bank needs to be safeguarded mortgage frankowe worth over 12 billion rubles (one third of the Bank’s portfolio). In this case, the acquisition can be estimated at 4-5 billion.
and If it comes to transactions between ROM and UniCreditem, it could be a turning point in the upcoming politicians repolonizowaniu the banking sector. Currently almost 60 percent. the assets of banks in Poland is in the hands of foreign investors. Some of the companies mothers with offices in the West, but they now have a problem (how exactly UniCredit), which may force them to sell a healthy and profitable banks in Latvia.
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