PZU among potential buyers for Lithuania's Lietuvos draudimas
22:49
Poland’s biggest insurer PZU is billed as one of the potential buyers of Lithuania’s largest insurers, Lietuvos draudimas, currently owned by British-based RSA Insurance Group.
The Lithuanian daily Verslo Zinios claims that the Polish insurer is in the bidding, citing an anonymous source.
“RSA Insurance Group is negotiating the sale of Lithuanian insurer Lietuvos draudimas. The Austrian Vienna Insurance Group and Polish PZU are among bidders,” the paper states, adding that both companies have declined to comment so far.
According to the paper’s source, the transaction may be valued at LTL 500 million (€144.8 million). Germany’s Allianz and France’s Axa are also in the running, the daily adds.
PZU already has a subsidiary operating in Lithuania, and recently the Polish insurance giant tried to take over Croatia Osiguranje.
