Poland’s financial giant PKO BP aims to expand its share of the Polish investment market, having just revealed its plans to take over and open pension funds from the media group Cyfrowy Polsat. The transaction is said to be worth PLN 100m.
The shareholders in both companies have reportedly agreed to a deal. “The General Meetings of both companies have approved the transaction last week. This was the final stage on the preparation to the acquisition,” a source told the daily Puls Biznesu.
It’s the second deal PKO plans to complete this year, after its efforts to take over Bank Pocztowy were confirmed last month.
