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The Warsaw Voice » Business » April 26, 2018
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PZU takes over Pekao OFE
April 26, 2018   
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Poland's market regulatory body KNF approved the takeover of the Pekao OFE pension fund by the pension wing of the state insurer PZU, the KNF said in a statement following a policy sitting.
Liquidation of the fund should come by October 12. The purchase of the Pekao OFE followed the purchase of a major stake in its owner, Bank Pekao, by insurance group PZU.
Polish law forbids ownership of stakes in more than one OFE pension fund.
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