7 Apr 2017 16:18
UNOFFICIAL TRANSLATION
Â
07.04.2017 - Report 12/2017: PZU's information concerning unconditional consent to the concentration in the form of acquisition of a block of shares in Bank Polska Kasa Opieki S.A., granted on 6 April 2017 by the President of the Competition and Consumer Protection Office.
Â
The Management Board of Bank Polska Kasa Opieki S.A. with its registered office in Warsaw ("Bank"), acting on the basis of Art. 17 sec. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union L of 2014, No. 173, p. 1, as amended, hereinafter referred to as the "MAR"), hereby informs that on 7 April, 2017 Powszechny Zakład Ubezpieczeń ("PZU") published the current report No 29/2017 with the following wording:
Â
"Consent of the President of the Competition and Consumer Protection Office to the acquisition of shares of Bank Pekao S.A.
Â
Legal Basis: Art. 17 section 1 of MAR - confidential information
Â
Body of the Report:
With reference to Current Report no. 82/2016 of 8 December 2016 (the "Current Report"), the Management Board of Powszechny Zakład Ubezpieczeń Spółka Akcyjna with its registered office in Warsaw ("PZU SA", the "Company"), acting pursuant to Art. 17 sec. 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the EU of 2014, No. 173, p. 1, as amended, hereinafter referred to as the "MAR"), hereby informs you that on 7 April 2017 the Management Board of PZU SA obtained information that on 6 April 2017 the President of the Competition and Consumer Protection Office granted an unconditional consent to the concentration in the form of acquisition of a block of shares in Bank Polska Kasa Opieki S.A. (the "Bank").
Â
The granting of the above-mentioned consent means that one of the conditions precedent for the acquisition of a significant block of shares in the Bank by PZU SA acting in a consortium with PFR from UniCredit S.p.A. (the "Transaction") specified in the Current Report has been fulfilled. PZU SA included information about the signing of the agreement on the sale of a block of shares in the Bank in the Current Report.
Â
PZU SA will make available to the public information relating to the fulfilment or non-fulfilment of the remaining conditions for the Transaction specified in the Current Report."
Â