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Other areas of activity

PZU Group taking adventage of its potential is also active in the areas of organizing assistance services involving the customer help, ancillary services related to insurance and pension funds, and managing loyalty programmes. PZU Group has also held an equity stake in Armatura Kraków S.A. (Armatura Kraków) since October 1999.

PZU Pomoc

The core activities of PZU Pomoc SA (PZU Pomoc) are, in particular:

  • organizing assistance services involving the customer help;
  • renting and leasing motor vehicles;
  • conducting on-line auctions and e-commerce;
  • managing loyalty programmes;
  • managing post-accident property;
  • activities in medical support.

At the end of 2014, PZU Group was cooperating with more than 1,380 health care establishments throughout the country and had a leading position on the market of intermediation in the sale of damaged vehicles through an on-line auction platform.

At the end of 2014, the Company was cooperating with more than 1,380 health care establishments throughout the country and had a leading position on the market of intermediation in the sale of damaged vehicles through an on-line auction
platform.

Thanks to the cooperation with a car rental service, PZU Pomoc introduced 300 Toyota Auris hybrid cars in Poland in 2014.

From June 2012, PZU Pomoc held 30% of the shares in GSU Pomoc Górniczy Klub Ubezpieczonych [GSU Mining Assistance Insured Club]. Discount, incentive and loyalty programmes addressed to the mining industry are being developed within this entity.

PZU CO

The statutory activities of PZU CO include conducting business regarding the provision of:

  • ancillary services related to insurance and pension funds;
  • permanent intermediation in the conclusion of insurance contracts, financial and investment contracts and assistance agreements;
  • Contact Centre;
  • Data Centre;
  • printing services;
  • IT services;
  • bookkeeping;
  • human resources and salaries.

PZU Finance AB

PZU Group’s operations on the debt market are realised through PZU Finance AB in Stockholm (Sweden). The Company was established in 2014 and is a 100% subsidiary of PZU. Its main operating field is collection of funds through issuance of bonds or other debt instruments and providing financing for the companies within PZU Group.

On 3rd July 2014, PZU Finance AB emitted five-year eurobonds in the amount of EUR 500 million.

Ogrodowa-Inwestycje

Ogrodowa-Inwestycje Sp. z o.o. (Ogrodowa-Inwestycje) is the owner of the City-Gate office building (ul. Ogrodowa 58, Warsaw). In 2014, it leased three leisure centres from PZU (the Albatros Guest House until the end of October, the Polanica Hotel until the end of December, and the Karłów Hotel until the end of November).

Ogrodowa-Inwestycje performs functions for both companies from PZU Group and external customers.

Grupa Armatura

PZU Group has held an equity stake in Armatura Kraków S.A. (Armatura Kraków) since October 1999.

Armatura Kraków SA (Armatura Kraków) is the parent entity in the Armatura Group. The Armatura Group includes: Armatura Kraków SA, Armatoora SA, Armaton SA, Armatura Tower Sp.z o.o., Arm Property sp. z o.o. and until 31st December 2014, Armadimp SA and Armagor SA. The Armatura Group conducts its business outside the area of financial and insurance services. It is a leading manufacturer in the plumbing and heating sector in Poland. The Armatura Group entities specialize in manufacturing of bathroom and kitchen taps, aluminium central heating radiators, a wide range of valves and sanitary ware.

Since 27th August 2013, the owner of Armatura Kraków has been an investment fund managed by TFI PZU – PZU FIZ AN BIS 2. This was a result of the contribution of 51,600,000 shares in exchange for the allocation of investment certificates to PZU Życie.

In 2013 and 2014 the PZU FIZ AN BIS 2 fund acquired additionally 29,400,000 shares in the Armatura Kraków due to a minority shares squeeze-out, and redemption of own shares from the Company.

Currently, PZU FIZ AN BIS 2 holds 81,000,000 shares of Armatura Kraków, which compose 100.0% of the share capital.

From 10th March 2014, the shares of Armatura Kraków are not listed on the Warsaw Stock Exchange.

Arm Property sp. z o.o. was established on 26 November 2014. All shares were acquired by Armaton SA.

On 15 January 2015, Armatura Kraków and Armatoora SA purchased 8 421 053 shares in Aquaform SA.