Poland's PZU to analyse potential mBank synergies

FILE PHOTO: PZU's logo is seen at its headquarters in Warsaw, Poland September 18, 2017. REUTERS/Kacper Pempel - Copyright KACPER PEMPEL(Reuters)

By Reuters

Published on 14/11/2019 - 12:34•Updated 05/05/2024 - 01:27

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WARSAW (Reuters) - PZU <PZU.WA> will analyse the sale of mBank <MBK.WA> by Commerzbank <CBKG.DE> to see if there are any potential synergies with banks it owns, the Polish insurer's CEO said on Thursday.

Pawel Surowka also said the company's strategy assumes potential expansion abroad, but it was too early to say if it will be ready to take part in a transaction involving the sale of French insurer Axa's <AXAF.PA> central European assets, or in a transaction involving mBank.

(Reporting by Marcin Goclowski, writing by Alan Charlish)

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