PZU SA cooperated with FORDATA Sp. z o.o. during the sale of PZU Lietuva. As a result of the process a contract was signed and 99.879% of PZU Lietuva shares were sold to a Norwegian insurance company Gjensidige Forsikring. The transaction value was 54 million euros.
FORDATA Sp. z o.o. provided a dedicated solution – the Virtual Data Room.
FORDATA Virtual Data Room application allowed us to conduct due diligence in an electronic way, in a professional manner and in accordance with international industry standards. In our opinion the use of the system improved the transaction by increasing its efficiency and shortening the duration of the process.
We especially appreciate the commitment and flexibility of FORDATA team who assisted us on every step of the project. All inquiries were dealt with quickly and in a way to fit in with the timetable of the process. In our opinion, it is very important in terms of a success of the transaction.
We recommend FORDATA as a professional business partner.
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PZU SA is the parent company of all entities of the PZU Group. PZU operates in the personal and property insurance sector. It is the oldest, most experienced, and also the largest insurance company in terms of turnover, number of customers, branch network, the number of employees and cooperating agents.
Marcin Jaszczuk Investment Director PZU SA
