Poland Focuses on Buying UniCredit Unit Before Raiffeisen’s

  • Takeover of Pekao is the government’s priority, minister says
  • Deadline for final bids for Raiffeisen unit passed on Tuesday

The Polish government’s drive to boost domestic ownership of banks is focused on taking over UniCredit SpA’s unit, a minister said on Tuesday. The deal may be structured in a way that avoids triggering a mandatory bid for a majority in Bank Pekao SA, according to people familiar with the plans.

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