04/12/2007 (Agence Europe) - On Tuesday 4 December, the European Commission cleared the proposed acquisition of the insurance business of the Czech PPF Group N.V. by Assicurazioni Generali SpA of Italy. PPF's insurance business is primarily carried out via the Czech ex-monopolist insurer Èeská pojišovna (CP), which is active in the Czech Republic, Slovakia, Russia, Cyprus and Ukraine. The proposed transaction would combine PPF's and Generali's insurance businesses from Central Europe to...