Linklaters has advised the CEE’s largest insurance company PZU on the acquisition of four insurance companies, Link4 (Poland), Lietuvos Draudimas (Lithuania), AAS Balta (Latvia) and Codan Forsikring (Estonia), from RSA, the British insurance group.

As a result of the acquisition, which was announced on 17 April, PZU will become the largest insurer in the Baltic region. Closing of the transaction is subject to regulatory approvals.

A team of lawyers from Linklaters in Warsaw and London advised PZU on all legal, regulatory and tax aspects of the transaction and co-ordinated the input of local counsel Sorainen.

The team was led by corporate partner Daniel Cousens and Marcin Schulz, corporate managing associate, in Warsaw.