Poland: PZU Places Binding Offer for Croatia Osiguranje

Politics ♦ Published: December 17, 2013; 11:47 ♦ (Vindobona)

Polish insurance company PZU places a binding offer for Croatia Osiguranje (CO).

Poland: PZU Places Binding Offer for Croatia Osiguranje / Picture: © PZU

After years of looking for an opportunity to invest further, PZU, Poland’s major state-owned insurance company, is focusing on aquiring a controlling stake in Croatia Osiguranje. Both PZU and Croatian Adris, a tobacco and tourism group, placed a binding offer on public insurer Orsiguranje, as announced by the Croatian Finance Ministry.

The Polish insurance company is alleged on…