According to Polish daily Rzeczpospolita, Unicredito will sign a final compromise agreement with the government today, regarding its takeover of Bank BPH. The daily has written that the agreement should specify which 200 branches of Bank BPH specifically should be sold. The agreement is also likely to specify that BPH TFI (mutual fund company) be sold as well as either Bank BPH’s 10% stake in CU pension fund or Bank Pekao’s shares in Pekao Pioneer pension fund. We expect the final agreement to shed some light on the transaction, as the level of assets and clients to be sold-off, as well as the deal structure and process, remains unclear. As the stock price of Bank BPH has traded down significantly on uncertainty regarding the deal, we would tend to expect a positive trading impact, once details are released.