Poland’s Alior Bank announced Tuesday it has reached a deal to acquire 98 percent of smaller competitor Meritum Bank.
According to reports, Alior will purchase the company from its current owners, two private equity funds, for $107 million.
Alior currently stands as Poland’s No. 14 bank in terms of assets, according to reports.
The deal remains subject to both regulatory and shareholder approval.
Full content: Reuters
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