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Polish Insurer PZU Gains More Power in Baltic States

Published: April 17, 2014; 18:22 · (Vindobona)

As announced by the Polish insurance company, PZU took over three Baltic competitors.

PZU successfully completed taking over three competitors in the Baltic countries. / Picture: © PZU

The largest insurer in Central and Eastern Europe completed its take over of three Baltic competitors in return for a total of US-$ 356m. PZU aquired stakes in Lithuania’s Lietvos Draudimas and Latvian AAS Balta, part of British insurance group RSA. Moreover, PZU took over the Estonian unit of Danish Codan Forsikring and Polish competitor Link4 by British RSA, the latter in return for…

This article includes a total of 143 words.

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