Friday, May 24th, 2013
Today's weather     
PKO BP and PZU eying ING's Polish, CEE assets: report

11th April 2012
Bookmark and Share


Polish state-controlled financial groups PKO Bank Polski and insurer PZU are in talks with Dutch financial group ING regarding a possible purchase of some of the company's assets, reported Reuters.

According to unnamed sources, PKO has already held preliminary talks about the possibility of acquiring ING's pension fund in Poland, which has some zł.57 billion on its books. PZU is also said to be interested in ING's insurance assets in Central and Eastern Europe.

It is unclear whether the two state-controlled Polish companies are cooperating over any potential takeover of ING's assets, Reuters reported.

PKO BP and ING have both declined to comment on the matter.

Poland A.M.


From Warsaw Business Journal


Advertisement
The business of politics
Is Poland's ruling party finished?
BY Remi Adekoya
Though parliamentary elections are two years away, a series of recent polls showing the main opposition party Law and Justice (PiS) ahead ... READ MORE
Stratfor on Geopolitics
Migration and remittances in the euro zone periphery
BY Stratfor Global Intelligence
One of the main social consequences of Europe's economic crisis is the increasing number of people leaving countries in the ... READ MORE
Our partners