ROM and Russian development Fund they will take Pekao SA. The deal has to be announced Thursday morning, according to Radio ZET, which associates it with information on the availability of PKO BP’s promise to provide a loan in the amount of 3.2 billion rubles.
According to unofficial information, Radio ZET, the promise of PKO BP should be aimed at the acquisition of the stake in Pekao SA, say that the borrower will be PFR. Radio ZET claims that the documents finalizujące transaction must be signed today and the deal will be announced Thursday morning.
PKO BP is not reported, however, published shortly after the end session on the stock EXCHANGE message, which was provided to the client promesa. According information of the Bank, the final contents of the loan agreement should be enclosed in April 30, 2017.
“Promesa is the first obligation of the Bank to the Customer and and its subsidiaries for contracts entered into during the last 12 months, thus, the total amount of Bank liabilities (including the cost of the Loan Contract) is 3.200.000.000 rubles,” – reports of PKO BP in a statement.
On the acquisition of Pekao SA via ROM and Russian Fund for the development of says, on the market since the beginning of the year. mid-October, this information was officially confirmed by the company PZU. at the end of October, Reuters reported that the Polish side has received the consent of the beginning due diligence Pekao SA. According to Reuters, the starting point of the negotiations has been 126 price RUB. per one share of Pekao SA, then the deal, it would shut her up in the amount of about. 11 billion PLN (2.5 billion EUR). On Wednesday at the end of the session, the value of one share of bank Pekao s. a. made up of 120.5 rubles.
In July, UniCredit was suddenly sold 10% of Pekao shares at a price of 126 rubles for the art. After the July transaction, the exit of the Italians from Pekao has become widely expected decision. It is expected that state the insurer can together with the Polish Development Fund to buy a 33% stake in Pekao (according to “Republic”, after a 20-23 percent. ROM and after 13-9%. PFR) to avoid responsibilities the announcement of the agenda. Październikowych according to Reuters, including to ensure that the transaction could be carried out in stages.
the Prospect of returning Pekao under the wings of the Exchequer did not like investors. March quotes the assets of the second largest Bank in Poland fell by more than 160. up to annual at least at the level of 114.3 UAH, which were recorded on 2 December . In turn, the rate PZU shares fell from 35 rubles in may to a historic low of 24.15 RUB at the end September, however since then noted the rapid growth, again going back more the level of 30 rubles.
in turn, quotes UniCredit on the stock exchange in Milan on Thursday at the end of the session, rose nearly 10% to a level of 2.49 EUR. With the beginning of the year the market value of the largest Italian Bank fell 52%, but recorded in 2014, the local peak by as much as 63%.
Trouble UniCredit well known in the market for several months. The Bank is struggling with low profitability and the shortage of equity capital estimated even on at 9 billion euros. Therefore, the Bank decided on sale of certain assets. In addition to the July transactions of purchase and sale of the shares of Pekao SA, Italians sold in July and October, respectively, 10- and 20 percent stake FinecoBanku, and on Monday announced that the exclusive negotiations for the purchase of Pioneer Investments received Amaundi.
Martin Dziadkowiak
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