Deals
UniCredit Says in Talks With Poland’s PZU, PRF Over Pekao Stake
- Polish insurer, state fund discussing ‘significant’ purchase
- Italian bank says ‘no certainty’ on terms for any transaction
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UniCredit SpA said it is in talks with Polish insurer PZU SA and state fund Polski Fundusz Rozwoju SA on the possible sale of a stake in Bank Pekao SA.
The Italian bank is exploring “the possibility of executing a deal involving its subsidiary Bank Pekao,” UniCredit said Saturday in a stock-exchange statement. “However, there can be no certainty as to the terms upon which any such transaction might potentially proceed.”