Insurance tender losers vow legal action

Two foreign firms, TBI Holding and Clal Enterprise Insurance Holdings, who did not advance to the second round of a tender for a 67% state share in insurer Slovenská Poisťovňa, have said they will use all legal means to force their inclusion in the tender's next stage.

The firms are owned by the Israeli Kardan group, the German Deutsche Bank and the European Bank for Reconstruction and Development.

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