Commerzbank's mBank Might Draw Bid From Poland's Biggest Bank --Reuters
21 Octubre 2019 - 11:15AM
Noticias Dow Jones
--The chief executive of Poland's Powszechna Kasa Oszczednosci
Bank Polski SA (PKO.WA) said the bank would consider bidding for
Commerzbank AG's (CRZBY, CBK.XE) Polish unit mBank (MBK.WA) if it
were ever put up for sale, Reuters reported Monday.
--Zbigniew Jagiello, CEO of the state-run Polish bank, said if
Commerzbank's mBank unit were put on the block, "then it is PKO
BP's responsibility to analyze these assets," according to the
report.
--He also said looking at the assets "does not automatically
mean a desire to buy," the report said.
--Commerzbank is speaking with potential buyers of its Polish
unit, and a formal sale process might take place in the future,
according to the report.
Full story:
https://www.reuters.com/article/us-mbank-m-a-pko-bp/polands-biggest-bank-pko-will-consider-bid-for-commerzbanks-mbank-ceo-idUSKBN1X018Q
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 21, 2019 12:00 ET (16:00 GMT)
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