Joint venture approved in Poland

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POLAND - Two joint ventures between the UK's Aviva and Polish bank Bank Zachodni WBK S.A have been approved by the European Commission, following an investigation into whether their combined asset and pension fund management activities would impact on competition in the Polish market.

The investigation into the ventures, one for underwriting life assurance and the other for underwriting general insurance, focused on the fact the two joint ventures will exclusively be active and ...

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