Insurance company Daewoo TU agrees new investment deal with Pekpol

The emergency administrator of ailing insurer Daewoo TU (DTU) has signed an agreement with leading meat producer Pekpol to become the company's new strategic investor. Pekpol will acquire a new zl. 55 million share issue in the insurance company. Pekpol financial director Tomasz Zganiacz told Rzeczpospolita that his company intends to expand its activities and branch out into the financial services sector, while continuing to operate in the meat industry. DTU administrator Anatol Adamski said meanwhile that the insurer would soon change its name to Narodowe Towarzystwo Ubezpieczeniowe Uniwersum. The administrator was appointed last May to find a new investor, as Daewoo was unable to provide the necessary capital injection for DTU. (Rzeczpospolita, p.B4) T.J.