Management of reinsurance firm PTR has presented its board with a plan to obtain a 25 percent plus one share stake in a leading Ukrainian insurance firm. This is seen a medium term portfolio investment aimed at selling to a Western investor in a few years time. The company has said that it would not want to commit more than ten percent of its capital in this venture.
Its balance at the end of last year was over PLN180m putting a PLN18m as the maximum amount it could invest.