Poland's Getin may consider acquisitions

Wed Mar 25, 2009 3:48pm EDT
 
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KATOWICE/WARSAW, March 25 (Reuters) - Polish financial group Getin Holding GETI.WA may consider acquisitions in the financial sector after merging two of its units, but is not in any talks at the moment, its owner said on Wednesday.

Getin said in January it would merge its banking operations in Poland with its listed Noble Bank NBLA.WA as it wants to look for acquisitions to become one of the country's top five banks.

"We're observing the financial market in Poland and we're still interested in an acquisition on this market. We're, however, in no talks nor negotiations on this matter at the moment," Leszek Czarnecki said.

The merger will create Poland's 10th-largest bank with assets worth 24 billion zlotys ($7.1 billion). Getin Holding management board member Artur Wiza said there was no plan to sell the merged company.

"We're not considering the sale of the merged Getin Noble Bank," Wiza said. (Reporting by Wojciech Zurawski; Writing by Kuba Jaworowski; Editing by Brian Moss)

 

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