Following are news stories, press reports and events to watch that may affect Poland’s financial markets on Tuesday. ALL TIMES GMT (Poland: GMT + 2 hours):
PZU CEO’S TO TALK WITH UNICREDIT
The chief executive of Poland’s biggest insurer, PZU, is flying this week to Milan for talks on buying Poland’s second-largest bank, Bank Pekao SA, from its owner, the Italian bank UniCredit, two sources said.
PZU STRATEGY
Poland’s PZU new strategy includes a target for the insurer to at least double the size of its banking assets from the current 70 billion zlotys over the next four years, Rzeczpospolita newspaper reported.
The strategy, which is to be published on Wednesday, also stipulates that the insurer will be paying out at least half of its profits in dividends and plans to cut its costs by 20 percent by 2018, the newspaper reported.
TAKE-OVERS ON WARSAW BOURSE
Relatively low valuations and low interest rates have sparked a wave of tender offers and subsequent acquisitions of firms listed on the Warsaw stock exchange, Parkiet daily reported.
STELMET
Garden furniture producer Stelmet considers a debut on the Warsaw stock exchange which may be accompanied by a share issue, Puls Biznesu daily reported.
****Reuters has not verified these stories and does not vouch for their accuracy.****
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