29th Jan 2008 08:32
Bank Pekao SA29 January 2008 UNOFFICIAL TRANSLATION (January 29, 2008) Report 23/2008: Agreement on sale of corporate brokerage part of CDM Pekao S.A. Management Board of Bank Pekao S.A. informs, that Centralny Dom Maklerski PekaoS.A. ("CDM Pekao S.A."), wholly owned subsidiary of the Bank, and UniCredit CAIB Polska SA signed on 28th of January, 2008, agreement on sale of part ofenterprise of CDM Pekao S.A. conducting corporate brokerage and investmentbanking services for the price of 450 mln PLN (say: four hundred fifty mln),subject to final adjustments based on audited 2007 economic results. Theorganized part of the business, which is the subject of the sale, generatesabout 12% of CDM Pekao S.A. net profit. Transaction is in line with the strategy of focusing Bank Pekao S.A. on theretail brokerage as part of the integrated service offer for Bank's retailcustomers. Keefe, Bruyette & Woods acted as advisor, providing valuation of sold part ofenterprise. Legal basis: Art. 56 section 1 subsection 1 of Act on Public Offering -confidential Information This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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