SP insurer gets two binding offers

The German Allianz and the Dutch Aegon insurance houses were the only firms left bidding in a tender for state insurer Slovenská poisťovňa (SP) as The Slovak Spectator went to print. Italian firm La Fondiara and Dutch Eureko had pulled out of the running.

On December 11 the government recommended that Privatisation Minister Mária Machová ask the insurance houses, which were the only interested parties to submit binding offers for SP, to improve their bids by an unspecified date.

The government is offering a 67% share in the company, which will lose its monopoly on third-party liability motor insurance at the end of this year.

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