Poland's government plans to block future sale of Bank Pekao's state-owned shares
23/07/2025 09:30
GDANSK, July 23 (Reuters) - Poland's government plans to designate Bank Pekao PEO.WA, the country's second-largest lender, as a strategic company whose shares held by the State Treasury cannot be sold, the Prime Minister's Chancellery said on Wednesday. The move is aimed at supporting a strategic cooperation between Pekao and state-controlled insurer PZU PZU.WA. PZU is the largest shareholder in Bank Pekao with a 20% stake. The two had signed a memorandum at the beginning of June to reorganise and increase the efficiency of their capital group. (Reporting by Marta Maciag and Julia Kotowska, editing by Milla Nissi-Prussak) ((Marta.Maciag@thomsonreuters.com;))