PKO to Take over Nordea Bank Polska

Businessn.a. ♦ Published: November 19, 2013; 20:56 ♦ (Vindobona)

The biggest Polish Bank PKO Bank Polski will submit an offer to the minority shareholder of Nordea Bank Polska

PKO to Take over Nordea Bank Polska / Picture: © PKO Bank Polska

PKO intends to become the sole owner of Nordea Bank Polska. In June, PKO agreed to take over Nordea Bank Polska. Not only the banking business, but also the life insurance segment will be acquired.

The approval of the Polish Financial Market Authority KNB is not given yet, however. Due to the delay, the tender deadline has to be extended until November 25. Already in October,…