VIG and Zurich Fight for Polish Warta

Businessn.a. ♦ Published: December 14, 2011; 16:03 ♦ (Vindobona)

According to the Polish newspaper Rzeczpospolita, the Swiss Zurich and the Austrian Vienna Insurance Group are the favorites for the acquisition of Warta.

VIG and Zurich Fight for Polish Warta / Picture: © Vienna Insurance Group / Votava

The third-largest insurance group of Poland, Warta, is for sale. Five potential buyers announced their interest: besides VIG and Zurich, the German insurance groups Allianz and Talanx as well as the Italian Generali intend to acquire Warta.

These five are on the shortlist of the Belgian KBC, but the favorites are VIG and Zurich. Who will succeed will be resolved in the first…