Despite its major loss, Eureko still keen to continue with PZU share purchase

In 2002 Eureko, which holds a 20% stake in PZU, posted a net loss of EUR 390 million. The poor financial results of the group may influence its plans on how, and if, to purchase an additional 21% stake in the insurer. If this happens the Finance Ministry may withhold its permission to carry on with the purchase, particularly if Eureko cannot finance the purchase from its own funds. Several days ago, Deputy Finance Minister Andrzej Sopoćko said Eureko has not submitted full documentation on the issue. Eureko stresses that it will be able to finance the purchase. "On the operational level our results are good," company spokeswoman Lorrie Morgan told Parkiet, adding than if the necessity arises, it may receive some aid from its shareholders. (Parkiet, p. 1; Puls Biznesu, p. 6) A.Z.