Eureko discusses a settlement to solve PZU imbroglio

Representatives of Eureko, which together with BIG BG holds a 30% stake in insurer PZU, agreed to talk yesterday with Treasury Minister Andrzej Chronowski about solving its imbroglio with PZU. However after the meeting, Christopher de Beck, the deputy chairman of Eureko's shareholder, Banco Commerciale Portugese and a member of Eureko▓s advisory board, said only that Minister Chronowski presented his viewpoint. According to unofficial information, Eureko was offered an additional package of shares in exchange for agreeing to wield only power proportional to its share of capital, and not to the amount of power guaranteed by the PZU privatization agreement. Two weeks ago Eureko made an official complaint to the European Commission against Poland regarding PZU, accusing the Polish side of violating the conventions it had signed. Meanwhile, the Sejm Treasury Commission has decided to appoint a special investigative commission to examine the privatization process in PZU.(Rzeczpospolita, p.B5; Prawo i Gospodarka, p.1) M.T.