Investment decisions will increasingly be made locally after Polish insurer PZU announced it would take over part of the Pekao SA bank, economist Tomasz Gruszecki has said.
Polish insurer PZU announced that it and the Polish Development Fund (Polski Fundusz Rozwoju – PFR) had agreed to jointly buy a 32.8 percent stake in Pekao SA bank from Italy’s UniCredit. Pekao is Poland’s second-largest bank.
