Bank PKO BP changes stance on taking over PZU

He added that a final decision concerning this issue would be made at the end of June when the bank will present its issue prospectus to the Securities Commission (KPWiG). This statement indicates a clear shift in Podsiadło's stance as previously he stated that plans of merging PKO and PZU would only make sense after resolving the insurer's conflict with Eureko. "The stake PKO BP has in mind is too small to consider as a real merger. Moreover, if the Eureko-Bank Millennium consortium stays in the running than there might be a conflict with PKO BP," said Andrzej Powierża, an analyst with BRE Bank. "PKO BP acquiring PZU's stock will not lead to take over," assured Podsiadło. (Puls Biznesu, p. 9; Parkiet, p. 3) M.M.