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Millennium bcp's Polish unit moves closer to buying Deutsche Bank Polska

Published 07/27/2017, 02:41 PM
Updated 07/27/2017, 02:50 PM
© Reuters. Millennium BCP Bank's CEO Nuno Amado holds a news conference in Lisbon

WARSAW (Reuters) - The Polish unit of Millennium bcp (LS:BCP), Millennium Bank (WA:MILP), moved closer to buying Deutsche Bank's (DE:DBKGn) Polish unit , Millennium bcp's chief executive said on Thursday.

"We've analyzed the process (the sale of Deutsche Bank's unit in Poland, Deutsche Bank Polska), passed to the second phase, and have answered some of the required questions, but I won't give details," Chief Executive Nuno Amado told reporters.

"These answers must be given by the executive board in Poland (Bank Millennium). There are confidentiality commitments," Amado said.

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