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PZU close to acquiring Lithuanian rival Lietuvos draudimas: Sources

April 15, 2014 - 6:00am

PZU Group is close to buying Lithuanian insurer Lietuvos draudimas from RSA Insurance Group, sources said.

They said the Lithuanian insurer will be sold for around €100 million ($138.8 million), Reuters reported.

"The deal is in the final straight," a source said.

Media reports had earlier suggested that PZU Group and Vienna Insurance Group A.G. were bidding for the Lithuanian insurer.

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