The merger of PZU and Pekao suspended. MF pulls a handbrake without giving reasons

The Minister of Finance and Economy asks to suspend work on the bill to enable the merger of PZU part with Pekao SA – the Ministry of Finance was given to the Secretary of the Standing Committee of the Council of Ministers.

“In reference to the letter of 19 September 2025, which includes a request for referral to consider the bill amending the Banking Act, the Act on insurance and reinsurance activity and some other acts (UD268) at the meeting of the permanent committee of the Council of Ministers, I am asking you to suspend the consideration of the abovementioned bill” – it was written.

Ministry of Finance did not provide reasons for the request to suspend the work.

At the turn of July and August, the Ministry of Finance prepared a bill to enable the planned merger of part of PZU SA with Pekao SA.

The project states, among others, that in the event that the takeover is the National Bank, the merger may only be made by transferring all the property of the acquired company to the acquiring bank, for shares or shares that the acquiring bank gives members or shareholders of the acquired company to members or shareholders.

At the beginning of June, PZU and PEKAO signed a memorandum on cooperation regarding the reorganization of the group, and in effect of the division of PZU by separating the holding company and a subsidiary conducting operating activities. Then the PZU holding company will be connected to the Pekao Bank as a moving entity. (PAP Biznes)

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