POLAND: EUREKO TO ACQUIRE 20% OF PZU?

Article Abstract:

The European alliance Eureko has bid for a 20% stake in PZU, the biggest insurance company in Poland. For the bid, Eureko co-operates with the Polish bank Big Bank Gdanski, which aims at acquiring 10% of PZU. Eureko/Big Bank Gdanski competes with the French insurance company AXA to acquire the company. Eureko is planning to develop PZU's activities both in the life insurance, pension savings and non-life insurance fields, among other things by introducing new products. PZU has 60% of the non-life insurance market in Poland, and is considered having a great potential for growth on the life insurance and pension markets.

PZU Zycie S.A., BIG Bank Gdanski S.A., Eureko

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POLAND: TRYG-BALTICA ACQUIRES HEROES LIFE

Article Abstract:

Polish authorities have given their go-ahead to Danish insurance company Tryg-Baltica's acquisition of the Polish life insurance company Heroes Life from Kredyt Bank. Heroes Life will be integrated in Energo-Zycie, which is owned by Tryg-Baltica The parties decline to reveal the price of the deal.

Heroes Life, Kredyt Bank

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Germany: Group 4 Falck takes over Schiller

Article Abstract:

Danish Group 4 Falck has taken over the German insurance company Schiller Sicherheitsdienst at a price of DKr52 million. Schiller has 155 employees and a turnover of around DKr51 million.

Denmark, Germany, Special Trade Contractors, Construction Trades, Brief Article, Building tradespeople, Group 4 Falck A/S, Schiller Sicherheitsdienst

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