M&A Deal Summary

Powszechny Zakland Ubezpieczen S.A. Acquires AAS Balta

On April 17, 2014, Powszechny Zakland Ubezpieczen S.A. acquired insurance company AAS Balta from RSA

Acquisition Highlights
  • This is Powszechny Zakland Ubezpieczen S.A.’s 2nd transaction in the Insurance sector.
  • This is Powszechny Zakland Ubezpieczen S.A.’s 1st transaction in Latvia.

M&A Deal Summary

Date 2014-04-17
Target AAS Balta
Sector Insurance
Buyer(s) Powszechny Zakland Ubezpieczen S.A.
Sellers(s) RSA
Deal Type Divestiture

Target

AAS Balta

Riga,, Latvia
website
AAS Balta is a provider of building, property, livestock, repair work, third party liability, personal accident, travel, endowment, compulsory motor TPL services.

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Buyer(S) 1

Buyer

Powszechny Zakland Ubezpieczen S.A.

Warsaw, Poland

website


Category Company
Founded 1803
Sector Insurance
Employees16,100
DESCRIPTION

Powszechny Zak?ad Ubezpiecze? Spó?ka Akcyjna provides various insurance products for retail and corporate customers in Poland, Lithuania, and Ukraine. Its products include group and individual life, dowry, annuity, accident, unit-linked, property, motor, casualty, agricultural, and financial insurance products.


DEAL STATS #
Overall 2 of 3
Sector (Insurance) 2 of 3
Type (Divestiture) 2 of 3
Country (Latvia) 1 of 1
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 AB Lietuvos draudimas

Vilnius, Lithuania

AB Lietuvos draudimas is a provider of compulsory third party motor liability insurance, CASCO insurance, home insurance, accident insurance, and travel insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Link4 Towarzystwo Ubezpieczeñ SA

Warsaw,, Poland

Link4 Towarzystwo Ubezpieczeñ SA is a provider of insurance services. Company offers motor, housing and tourist insurance to individual customers.

Buy -

Seller(S) 1

SELLER

RSA

London, United Kingdom

website


Category Company
Sector Insurance
Employees12,378
Revenue 6.9B GBP (2019)
DESCRIPTION

RSA is a multinational quoted insurance group. RSA has core operations in the UK, Scandinavia, Canada, Ireland, and Latin America, and has the capability to write business in around 140 countries. RSA is focusing on general insurance. RSA is based in London, the United Kingdom.


DEAL STATS #
Overall 17 of 24
Sector (Insurance) 16 of 23
Type (Divestiture) 15 of 21
Country (Latvia) 1 of 1
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 AB Lietuvos draudimas

Vilnius, Lithuania

AB Lietuvos draudimas is a provider of compulsory third party motor liability insurance, CASCO insurance, home insurance, accident insurance, and travel insurance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-21 RSA Insurance Group - Hong Kong and Singapore Operations

China

RSA Insurance Group - Hong Kong and Singapore Operations is a provider of personal and business insurance services. The business includes a niche group of specialty lines, including casualty, construction and engineering, marine and property. RSA has a long history in the region, with connections that go back over 40 years in Hong Kong and over 180 years in Singapore. In 2013, the businesses had total gross premiums written of approximately $250 million.

Sell $215M