VELOBANK to acquire BANK HANDLOWY

VELOBANK has agreed to acquire BANK HANDLOWY in a transaction announced on 11 August 2025. The deal involves entities operating within the financial services sector, specifically covering activities related to monetary intermediation, insurance, and other financial service activities as classified under NaceV2 codes 65.1, 66.1, and 64.9. The specific financial consideration for this acquisition has not been disclosed to the public, and the currency of any potential payment remains unreported. No details regarding the specific country of operation for the target entity were available in the initial data set provided.

The transaction is currently in the review phase, indicating that regulatory authorities are examining the proposed arrangement before any final conclusion can be reached. As the deal status remains in review, the completion date is yet to be confirmed or announced. The parties involved have not yet provided a definitive timeline for when the transaction might be finalised or when regulatory clearance is expected to be granted. This ongoing review process suggests that the deal remains subject to further scrutiny and potential conditions before it can proceed to a completed status.