In an effort to increase its share of the local investment market, PKO BP looks to take over an open pension fund from Polsat Group. Bank’s pension arm PKO BP Bankowy has already be given the green light from the Polish Financial Regulator, the daily Puls Biznesu reports, with the transaction date scheduled for April 16.
Once the deal is closed, PKO’s investment portfolio would reach PLN 9.4bn and its market share would rise to 4.39 percent. Polsat’s willingness to sell is in line with its declared strategy of selling off its Polish assets to the local financial market. Puls Biznesu claims the deal could be worth PLN 65m.
