PZU's dream of acquiring AIG assets in Europe
AIG, the troubled largest insurance company in the world, will be forced to sell some of its assets and this could be a perfect opportunity for the largest Polish insurance company PZU to purchase some of its business as part of its zł.10 billion designated for acquisitions.
"We shall look at every possibility of purchasing companies in our part of Europe," said Andrzej Klesyk, president of the PZU group. AIG owns very good businesses not only in Poland, but also other countries of the region recording double-digit growth.
"From the point of view of PZU, acquisition of AIG assets would be a perfect move. It may not be a substantial player in the region, but it has a solid position. PZU would not only gain access to many markets in one swoop, but it would also take over a bank in Poland, which was mentioned on numerous occasions," said Marcin Mazurek, analyst with Intelace Research.
However, some doubt whether PZU will gain an opportunity to make any acquisitions, as according to rumors, AIG will only dispose of assets in the USA.
Source: Puls Biznesu, (M.M.)
"We shall look at every possibility of purchasing companies in our part of Europe," said Andrzej Klesyk, president of the PZU group. AIG owns very good businesses not only in Poland, but also other countries of the region recording double-digit growth.
"From the point of view of PZU, acquisition of AIG assets would be a perfect move. It may not be a substantial player in the region, but it has a solid position. PZU would not only gain access to many markets in one swoop, but it would also take over a bank in Poland, which was mentioned on numerous occasions," said Marcin Mazurek, analyst with Intelace Research.
However, some doubt whether PZU will gain an opportunity to make any acquisitions, as according to rumors, AIG will only dispose of assets in the USA.
Source: Puls Biznesu, (M.M.)
