Poland’s PZU aims to buy more than half of Croatia Osiguranje

Food

Poland’s deep-pocketed state insurer PZU wants to buy a majority stake in Croatia Osiguranje as part of a long-awaited plan to expand beyond its home market, PZU’s chief executive told Reuters. Croatia, which has 80% of Croatia Osiguranje, has said it wanted to sell up to half of the insurance group, which has a market capitalization of some $390 million. But PZU head Andrzej Klesyk said he would rather have operational control. “We are most interested in the role of the main shareholder with a majority stake,” Klesyk said. Klesyk said he hoped Croatia Osiguranje, which controls a third of the local insurance market, would be a stepping stone to a wider presence in the region.

ADVERTISEMENT

Business, consumer sentiment improve in January Analysis

Business, consumer sentiment improve in January

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Gov't calls for technical screening of László Papp Arena City

Gov't calls for technical screening of László Papp Arena

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.