Insurance Post

Countdown to PZU IPO begins

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Poland’s government and insurance group Eureko plan to start taking orders next week for at least 5.5bn zloty ($1.9 bn) of shares in PZU, Poland’s largest insurer.

The owners may sell as much as 30 percent of PZU in what it thought to be Europe's biggest initial public offering this year.

Bloomberg News reports the price is likely to be set around 26 April 26

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