PZU greenlit to take over Link4 from RSA

As of 2 September 2014, the Polish Financial Supervision Authority allowed PZU, Poland's largest insurance company, to take over the shares of Link4 from Royal & Sun Alliance Insurance (RSA), a company with its registered office in West Sussex, the UK, PZU said on Tuesday. The sale agreement between PZU (the acquiring party) and RSA (the selling party) was signed April 17, 2014 and has from that time waited for Financial Supervision Authority’s acceptance. Link4 is the leader of Polish direct insurance market. Apart from Link4, PZU took over three other companies in the same deal.