Poland’s state-run giant PKO BP has sealed the PLN 850m takeover of Raiffeisen Leasing. The seller, Raiffeisen Bank International, sold off its entire share in the leasing business, subject to approval of the transaction by Poland’s antimonopoly regulator. The seller will be paying off all of PKO Leasing’s liabilities.
In the meantime, iPKO together with Alior Bank are said to be seeking to take over Raiffeisen Polbank. While the two sides have refused to comment on the reports, the president of PZU (which owns PKO BP), hinted his bank might be interested in taking over some of Raiffeisen Polbank’s most valuable assets, including corporate banking, as well as its wealth management and factoring businesses.
