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Gov't Has Serious Doubts Regarding Pekao-BPH Merger.

Europe Intelligence Wire

| January 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Polish News Bulletin)

The Polish government is reluctant to allow the merger of Pekao and Bank BPH, because it fears a monopoly, increased prices for banking services, and a transfer of money abroad, the Puls Biznesu daily claims referring to an internal document prepared by Finance Ministry experts. The next round of talks between the government and officials from UniCredito Italiano, which controls both banks, will start this week. "We do not see any of the advantages of this ...

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