Poland Tightens Grip as Alior Buys GE Bank for $330 Million

  • General Electric retains mortgage, asset management business
  • Alior to finance deal via share sale, mulls more takeovers

Polish state-controlled lender Alior Bank SA agreed to buy General Electric Co.’s unit in the East European country and plans more takeovers amid a government push to boost domestic ownership in the banking industry.

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