AG | Quote | Chart | News | PowerRating -- Polish state-run bank PKO Bank Polski (WAR:PKO) dropped its plans to
acquire 99.92% in AIG Bank Polska and 100% of AIG Credit, units of
struggling US insurer AIG (NYSE:AG), PAP said on Wednesday (13 May
2009).
The Polish arms of AIG are among its non-core assets, which the insurer
put up for sale as part of an effort to avoid bankruptcy.
PKO did not disclose the reasons for its decision to pull out from the
deal.
Sector: Banking/Insurance
Type: Corporate acquisition
Target: AIG Bank Polska/AIG Credit
Vendor: American International Group Inc
Buyer: PKO Bank Polski SA
Status: Withdrawn
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