According to Andrea Moneta, the head of CEE division in UniCredito Group, Italian bank should be listed at the WSE by the end of 2007. Moneta decline to comment how many shares would be floated at the stock exchange.
Our view: This is part of the agreement with Polish government that UniCredito signed in April 2006, in order to get an approval for the spin-off of Bank BPH, and merger of the part of Bank BPH’s assets with Bank Pekao.