Poland’s top insurer PZU and state investment vehicle PFR finalized the takeover of a 32.8% stake in Bank Pekao from Italy’s UniCredit for a total sum of PLN 10.6 bln, PZU announced in a market filing.
PZU said in a statement: „This is one of the biggest transactions in the banking sector in Europe in recent years”. „With this strategic investment, PZU becomes the largest financial group in Poland and Central and Eastern Europe,” it added.
