Leastrom Finance loses interest in Daewoo Zycie insurer

British investment fund Leastrom Finance canceled its purchase transaction of Daewoo Zycie insurer company shares from Daewoo FSO, Puls Biznesu has learned. However, this does not mean Daewoo Zycie won't have another shot at acquiring a new strategic partner, the paper reports. According to Anatol Adamski, president of Daewoo Zycie, two other companies have conducted due diligence. "If the investor with whom we are currently holding negotiations declines to buy, I believe we will soon be able to begin talks with another party," said Adamski. Polish players have difficulties in attracting foreign investors. One of the reasons for this is their weak financial performance. As many as five out of 10 of the largest insurers present on the market have had negative financial results and four have failed to meet basic security criteria set by the Polish Insurance Supervision Office (PUNU).