02 August 2013
Pekao продал украинский UniCredit Bank
Bank Pekao sold Ukrainian based unit PJSC UniCredit Bank to its parent, UniCredit S.p.A., for gross USD 166.35 million plus the sold entity's accumulated net profit from October 1, 2010 to July 16, 2013, Pekao said in a market filing.
"The transaction will lead to a further strengthening of the capital ratios of the Bank," the filing read. The existing financing granted by PJSC UniCredit will be gradually returned over a period of no more than four years, Pekao also said.
The sale comes as Pekao decided to focus on domestic operations. PJSC UniCredit held total assets of PLN 2.27 billion at end-2012.
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