PZU’s fund buys Tauron’s health care firm

TFI PZU, a fund managed by Poland’s largest insurer PZU, has acquired health care firm Elvita Jaworzno III from power utility Tauron, the selling company said in a press release on Tuesday. The deal value was not disclosed. The takeover will be completed at least 60 days after the agreement was signed. Elvita will continue to provide services for the Tauron group. For Tauron the transaction is part of a restructuring of its medical services segment, launched in 2009. The group has decided to spin off health care units in order to streamline its activity. PZU is meanwhile carrying out a health care assets investment program. In May this year it bough two sector companies from oil group PKN Orlen.