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Bank Pekao SAPoland's MinFin wants to prohibit Pekao lender from selling State Treasury shares
Poland's Ministry of Finance is preparing a draft law aimed at adding listed lender Pekao to the list of companies prohibited from selling Treasury shares, the Prime Minister's office KPRM announced.
It was reported that the draft law provides for amendments to, among others, the act on the management of state property, with the aim of adding Bank Pekao S.A. to the list of companies in which shares or rights attached to shares owned by the State Treasury cannot be sold.
It was indicated that this results from the fact that on June 1, 2025, listed insurer PZU SA and Bank Pekao SA signed a memorandum of cooperation, which is ultimately intended to lead to the reorganisation and increased efficiency of the capital group.
At the end of June, it was announced that PZU and Pekao had signed a term sheet concerning the reorganisation of the PZU and Pekao group, establishing a project to prepare and carry out the transaction in two steps: the division of PZU, leading to the separation of PZU's operating activities into a company wholly owned by the PZU holding company, followed by the merger of PZU, as the acquired company, with the bank as the acquiring company.
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