CEG may close fund and withdraw from Polish market

The shareholders want to call a general shareholders meeting within two months. The assets of the fund are estimated at $203 million with 43.1% invested in Poland, including a 5.5% stake in Polish software company ComputerLand Poland S.A. "The fund's results are very disappointing and after five years the initial shareholders are looking at a loss of 30% of their initial investment," said Nigel Wilson, the managing director of Progressive Developing Markets which holds a 3.11% stake in CEG. He added that his company supports the idea of winding up CEG. (Parkiet, page 1, Reuters)