UNICREDITO ITALIANO associate to the Polish PEKO SA was retained to negotiate the acquisition of 76.01% of Lithuania's third largest bank LZUB - LIETUVOS ZEMKES UKIO BANKAS, announced the Lithuanian privatisation fund. With capital of LTL 1.541 billion (EUR 416 million) and net profits of LTL 11.8 million in 1999, LZUB controls 15% of the Lithuanian banking market.