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PZU insurance on acquisition trail in healthcare sector

TAG'S: PZU, Finance (other)

Listed insurer PZU is considering acqusitions on the healthcare market and might announce a deal soon, CEO Andrzej Klesyk said at a press conference on 17 April 2014.

"It is pretty likely that in the near future we will meet and announce something again," Klesyk told reporters.

"I have said before that we want to have PLN 5 bln in premiums in five years," he added. "Law hasn't changed. We decided not to wait for the law to change and start hitting the market of healthcare services providers from a different angle. We are looking at several entities."

Earlier on Thursday PZU announced it would buy Lithuania-based Lietuvos Draudimas AB, Latvia-based AAS Balta and Estonia-based Codan Forsikring A/S as well as Polish direct insurer Link4 from Britsh Royal & Sun Alliance Insurance plc for a total preliminary amount of around EUR 360 mln.

2014-04-18



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