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State-controlled insurer seeks big role in Polish banking

PZU has said its acquisitions are purely commercial but they also fit in with the centre-right government's desire to "re-polonise" banking in a market where units of lenders such as Santander of Spain,, Unicredit of Italy, and Germany's Commerzbank have long held a majority share. If all these deals go ahead, PZU would control banks with combined assets of 130...
Source: Reuters | By: Adrian Krajewski