WARSAW--Poland's second largest bank by assets Bank Polska Kasa
Opieki S.A. (PEO.WA) is interested in acquiring Bank Gospodarki
Zywnosciowej S.A. (BGZ.WA), a local unit of Dutch Rabobank, daily
Parkiet wrote Wednesday quoting unnamed sources.
However, the offer from the bank that is also known as Pekao,
and which is owned by the Italian UniCredit S.p.A. (UCG.MI), is
"rather low," the daily adds.
Pekao's chief executive Luigi Lovaglio said during a press
conference Tuesday the bank will be looking at all the available
takeover opportunities in Poland.
Poland's banking sector is consolidating, with Pekao's main
rivals buying smaller lenders. The country's largest bank PKO BP
recently acquired local unit of Scandinavian Nordea while Banco
Santander's unit BZ WBK acquired Kredyt Bank.
Dutch Rabobank recently said it is "seeking strategic options"
for its Polish unit.
Newspaper website: www.parkiet.com
Write to the Warsaw bureau at djnews.warsaw@dowjones.com