NewsDaily: UniCredit eyes Poland's BGZ, might leave Ukraine: CEO:
"UniCredit , Italy's largest bank by assets, has submitted a preliminary offer to buy Poland's Bank BGZ and is sounding investors out on the possibility of selling its Ukrainian unit, Chief Executive Federico Ghizzoni said.
Ghizzoni, who earlier this year sold Unicredit's Kazakh operation, said this was part of the bank's strategy to strengthen its presence in countries it considers "core" and leave those markets where it sees little opportunity for growth.
"We made an offer on a Polish bank, we are still in the early stages," Ghizzoni told a group of foreign reporters in comments embargoed for Thursday morning. He later identified the bank as BGZ, which is owned by Dutch lender Rabobank and could be worth around $1 billion."
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