Reinsurance debut

Polskie Towarzystwo Reasekuracji (PTR), a reinsurance firm, is planning to list its shares on the Warsaw Stock Exchange in an IPO estimated to be worth up to zł.280 million.

The company, which ranks in the top five of Central and Eastern Europe's largest reinsurers by sales revenue, wants to raise funds for acquisitions of rival companies across the region.

PTR's shareholders include PZU, Bank Handlowy, and the EBRD.