PZU finalizes sale of its Lithuanian unit
11:06
Insurer PZU has finalized the sale agreement of a 99,879% stake in its Lithuanian unit, UAB DK PZU Lietuva with Norway's Gjensidige Forsik for €65.97 million, the company announced on Thursday.
The transaction has been accepted by the Lithuanian central bank and antitrust watchdogs. PZU sold its Lithuanian branch to complete last year's €360 million takeover of Lietuvos Draudimas, the Eastern European branch of British insurer RSA.
