7 Apr 2017 16:18
UNOFFICIAL TRANSLATION
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.
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:
"Consent of the President of the Competition and Consumer Protection Office to the acquisition of shares of Bank Pekao S.A.
Legal Basis: Art. 17 section 1 of MAR - confidential information
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").
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.
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."