UniCredit Makes Offer for Rabobank’s Polish Unit BGZ

UniCredit SpA, Italy’s biggest bank, offered to purchase Bank Gospodarki Zywnosciowej SA, the Polish unit of Rabobank Groep, said Chief Executive Officer Federico Ghizzoni.

“We want to grow in Poland, which is a core country for us,” Ghizzoni said at a meeting with reporters in Milan yesterday. “We made an offer for BGZ; we are at a preliminary phase,” he said. The non-binding offer was made through UniCredit’s Polish unit, Bank Pekao SA, a spokesman said.