Polish Warta: Decision Expected this Week

Professional ServicesInsurance ♦ Published: January 12, 2012; 12:17 ♦ (Vindobona)

Vienna Insurance Group and Zurich fight for Polish Warta. The seller, Belgian KBC, will decide this week.

Polish Warta: Decision Expected this Week / Picture: © Vienna Insurance Group / Votava

The Polish newspaper Rzeczpospolita reports that the Swiss Zurich and the Austrian VIG are the favorites in the sale process of the insurance group Warta. But also the Italian Generali would have good prospects, market rumors say.

Warta is the third-largest insurance company on the Polish market. The sale price is expected to reach about € 600m. The market share of Warta is…