30th Apr 2007 07:00
Bank Pekao SA27 April 2007 UNOFFICIAL TRANSLATION (27TH April, 2007) Report 75/2007: UniCredit selects GE Money in the BPH disposal process Management Board of Bank Polska Kasa Opieki S.A. informs that it has receivedfrom UniCredito Italiano S.p.A., Strategic Investor of the Bank, informationplaced below: "UniCredit selects GE Money in the BPH disposal process UniCredit is planning to transfer its stake in the Polish Bank BPH aftercompletion of the spin-off of a portion of the Bank BPH business (the bank afterthe spin-off is referred to as "New BPH"). Following a competitive process,UniCredit has selected GE Money EMEA, part of US group GE, a leading provider offinancial and consumer credit services, to enter into exclusive negotiations tocomplete the sale process. UniCredit would like to complete this process by theend of 2007, subject to agreement between both parties and the receipt of allrequired regulatory approvals. UniCredit is confident that negotiations will be successfully concluded prior tothe de-merger becoming effective. In line with the provisions of the Agreementconcluded on 19 April 2006 between the Ministry of State Treasury of theRepublic of Poland and UniCredit concerning integration of its bankingactivities in Poland, UniCredit plans that completion of the transfer of New BPHshares will take place as soon as possible following registration of thede-merger. Milan, 27 April 2007 Enquiries: Media Relations: +39 02 88628236; e-mail: [email protected] Investor Relations: +39 02 88628715; e-mail: [email protected]" This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BPKD.L