BOS, Unicredit's BPH possible targets for Poland's PZU - report

Poland's biggest insurer PZU may consider bidding for state-controlled Bank Ochrony Srodowiska (BOS) as it seeks to enter the banking sector, Parkiet business daily reported, citing unnamed sources.

PZU's chief executive told daily Dziennik yesterday the unlisted insurer was seeking to buy a Polish bank.

Parkiet said PZU could also be interested in Unicredit's smaller Polish unit BPH if the Italian bank's talks with US-based General Electric Co (nyse: GE - news - people ) fall through.

Neither PZU nor the two banks were immediately available for comment.

Source: forbes.com