PZU may sell assets in Lithuania

Poland’s largest insurer PZU may sell some of its Lithuanian over the next two years, the company said in a statement on Wednesday, in response to opinions issued by the country’s competition council. “PZU is ready to observe all competition requirements on all markets where it is active,” the statement said. The Polish insurer acquired Lithuanian peer Lietuvos Draudimas as part of a major deal with RSA signed in April this year. Lithuania’s Competition Council said that the transaction could limit competition in the car and property insurance segments.