Poland’s largest insurer PZU has a fair amount of cash that it’s willing to spend on acquisitions outside of its home market. “We have some zł.5 billion of free cash, which could be raised to approximately zł.7.5 billion with a loan,” Andrzej Klesyk, CEO of PZU, told Reuters in an interview. He also said that the insurer could team up with certain private equity funds to finance some bigger transactions.
From Warsaw Business Journal
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