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Article: GE Money Reaches Agreement with UniCredit on Acquisition of New BPH.
- Article from:
- Business Wire
- Article date:
- August 3, 2007
CopyrightCOPYRIGHT 2007 Business Wire. 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)
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Acquisition To Accelerate GE Money's Growth into a Top 5 Bank in Poland
WARSAW, Poland -- GE Money, the global consumer lending unit of General Electric (NYSE: GE) announces that it has today signed an agreement with UniCredit regarding the acquisition, by GE Money, of Bank BPH, which will be completed following the completion of the spin-off of a portion of Bank BPH's business to Bank Pekao (referred to hereafter as "New BPH").
The spin-off of a portion of the business of Bank BPH into Bank Pekao has already been approved by the shareholders' meetings of both banks and is subject to the consent of the Polish Banking Supervision Commission.
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