Thus, according to local newspaper VERSLO Zini, negotiations between the British insurer RSA, owner of DRAUDIMAS Lietuva and the two bidders came to a standstill at the moment. The quoted source says that the Polish insurer PZU has been made a better offer.
According to the daily, RSA is investigating various options to spin off DRAUDIMAS Lietuva, including selling it to an investment fund with an option to buy the company at back a later date.
LIETUVOS DRAUDIMAS holds more than one third of the general insurance market in Lithuania and also is the largest insurance company in the Baltic States.
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