PZU Denies Holding Talks On Buying Assets From ING, Others

Date : 04/11/2012 @ 5:18AM
Source : Dow Jones News
Stock : Ing Grp., N.V. (ING)
Quote : 18.4  0.01 (0.05%) @ 3:59PM

PZU Denies Holding Talks On Buying Assets From ING, Others

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Polish insurer PZU SA (PZU.WA) isn't holding talks in Poland or overseas on acquisitions at present and, contrary to media reports, isn't talking to ING Groep NV (ING) about taking over the Dutch firm's insurance assets in Poland, PZU Chief Executive Andrzej Klesyk told reporters Wednesday.

PZU continues to be interested in buying insurance assets in what it sees as its operating region, and it isn't interested in buying medical services firms, he added.

The company said earlier it was interested in insurers in Poland's direct neighborhood except the east, and in the Balkans, including Croatia, Montenegro and Serbia.

-By Patryk Wasilewski and Marcin Sobczyk, Dow Jones Newswires; +48 22 447 2432; marcin.sobczyk@dowjones.com

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