TFI PZU finalizes Elvita takeover

TFI PZU, a fund managed by Poland’s largest insurer PZU, has completed the acquisition of health care firm Elvita Jaworzno III from power utility Tauron, the selling company said in a press release on Tuesday. The initial takeover agreement had been signed in mid August. The takeover will be completed at least 60 days after the agreement was signed. Elvita will continue to provide services for the Tauron group. With the deal, Tauron finished the estructuring of its medical services segment, launched in 2009. For PZU is is part of a health care assets investment program.