PZU signs deal to sell investments funds to CA IB

Yesterday the companies signed a contract, which closed several months of negotiations. The agreement is a part of PZU's strategy which assumes focusing on insurance and financial activities directly related to insurance. The sale of the NFI's shares to CA IB will be conducted through a public bid for the shares. According to PZU representatives, this will allow all of the interested parties, including minority investors, to withdraw from the investment on equal terms. CA IB has not revealed its plans towards the acquired NFIs. "CA IB's plans for these entities will be revealed only after the bid for shares has been announced," stated CA IB public relations director Arkadiusz Hajduk. (Puls Biznesu, p. 6; Parkiet, p. 5) E.B.