Bank Millennium could be sold this year and PKO BP is one potential buyer, Rzeczpospolita reports. The sale of the Polish bank is one way for the bank's Portuguese owner, Millennium BCP, to gain the funds it needs to pay back government aid it received. If the bank is sold, it will bring significant change to the Polish banking market, especially if PKO BP manages to buy it.
According to stock exchange data, Bank Millennium is worth zł.5.7 billion. Back in 2011, the Portuguese owners announced back that they were considering selling the bank, and started looking for potential investors. BNP Paribas, Banca Intesa, UniCredit (owners of Bank Pekao), BRE Bank, and PKO BP have all reportedly expressed interest in buying it.
Millennium is the eighth-largest bank in Poland, with over 1.1 million customers and nearly 450 branches.
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