Friday, May 24th, 2013
PKO BP and PZU eying ING's Polish, CEE assets: report
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.
From Warsaw Business Journal
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