Poland haggles with UniCredit over price for Pekao -FT

August 29, 2016 7:35 AM

28 0

WARSAW Aug 29 Polish state-run insurer PZU and the PFR fund are in talks to offer a below-market 3 billion euros ($3.36 billion) to buy a 40.1 percent stake in Poland's second-largest bank Pekao SA from its owner, Italy's Unicredit, the Financial Times reported.

The negotiations are part of the Polish government's larger agenda of taking back control of the country's banking sector, which is 58 percent owned by foreign investors.

Also read: Latvian official to miss ECB meeting amid corruption reports

Read more

To category page