Brief: PZU And Pekao Sign Term Sheet For Reorganization
27/06/2025 06:18
June 27 (Reuters) - Powszechny Zaklad Ubezpieczen SA PZU.WA: SAID ON THURSDAY PZU SIGNS TERM SHEET WITH BANK PEKAO FOR GROUP REORGANIZATION TRANSACTION AIMS TO MERGE PZU WITH BANK PEKAO BY JUNE 2026 PLAN INCLUDES PZU DEMERGER LEADING TO SEPARATION OF PZU OPERATING BUSINESS INTO A 100% SUBSIDIARY OF THE PZU HOLDING COMPANY, FOLLOWED BY MERGER OF PZU AS THE TARGET COMPANY, WITH THE BANK AS THE ACQUIRING COMPANY PZU AND BANK PEKAO TO ESTABLISH STEERING COMMITTEE FOR PROJECT Source text for Workspace: nEM9QwZMma Further company coverage: PZU.WA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))