US EditionBank Pekao and Insurer PZU Sign MoU on Potential Merger
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Bank Pekao and insurer PZU sign MoU on potential merger
Polish Bank Pekao has signed a memorandum of understanding (MOU) with insurance company Powszechny Zakład Ubezpieczeń (PZU) on a potential merger between the two financial institutions. The financial terms of the agreement remain undisclosed. The agreement outlines the intent to prepare for a merger, which remains subject to the implementation of necessary legislative changes. If completed, the transaction would involve PZU first demerging b…
This is a chance to create a new powerful national champion, a chance for shareholders, the market and the entire economy – say Andrzej Domański, Jakub Jaworowski and Jacek Jastrzębski.
The great merger of PZU and Bank Pekao may lead to the creation of one of the largest financial institutions in Europe. Memorandum signed.
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