Leastrom Finance Ltd. looking to purchase Daewoo Zycie from Daewoo-FSO

British investment fund Leastrom Finance Ltd. is looking to purchase from Daewoo-FSO nearly 50% in life insurer Daewoo Zycie. Observers say negotiations will likely be completed by the end of November. Representatives from Leastrom, the only firm Daewoo is currently holding talks with on the possible sale, are extremely interested in the deal. Daewoo Zycie started its insurance activities in the middle of last year after which it quickly secured itself a market niche and looked set to increase its share of the market. After the Korean conglomerate ran into financial dire straits, however, Daewoo Zycie found itself forced to look elsewhere for capital to develop its activities further. The Koreans have since decided to withdraw from their insurance companies, Daewoo Zycie and property insurer TU Daewoo. Negotiations on the sale of TU Daewoo are also currently under way. (Puls Biznesu, p.5) A.D.