WARSAW: Poland’s top insurer PZU secured approval from the anti-monopoly office UOKiK for the purchase of a 25.25% stake in Alior Bank, UOKIK said on its website.
The transaction will not have a negative effect on competition or the situation of consumers, UOKiK said. PZU announced purchase of a 25.25% stake in Alior Bank for PLN 1.63 billion or PLN 89.25 per share in a three-tranche deal on May 30.
The deal yet awaits approval of financial regulator KNF. KNF Vice-President Wojciech Kwasniak told PAP Polish news agency at end-June that the decision-making may take two-three months.
