The Warsaw Voice » Business » News - August 10, 2018
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Pekao-Alior unsuccessful deal
Banks Pekao and Alior failed to agree on a merger due to different price expectations as well as several other discrepancies, a person close to negotiations told Puls Biznesu daily.
Pekao wanted to buy Alior at a price based on current valuation, while Alior expected a significant premium, the daily heard from people familiar with the talks.
Moreover, after due-diligence Pekao identified some risks at Alior, including claims of W Investments bond holders and the quality of Alior’s portfolio in case of economic slowdown. Given the passive attitude of main shareholders, the sides decided to terminate negotiations.