Eureko dismisses alleged government stock-swap plan

In exchange Eureko, which is involved in a dispute with the Polish government concerning the control over national insurer PZU, would waive its right to purchase state-held stock in the insurer. "For us no government plan exists, as we were not informed about it. These are pure speculations and hypotheses. The presented suggestions complicate the complicated issue even further," said Lorrie Morgan, spokeswoman of Dutch enterprise. She went on to say that Eureko will continue to demand the execution of stipulations included in the privatization agreement. This concerns the transfer of controlling stake in PZU and floating the shares. "We have not been contacted by any of the parties - neither BPH, nor UniCredito, nor the Polish government," Rabobank spokesman, Ernst Moeksis, said. Analysts are also skeptical about the feasibility of the plan. (Parkiet, p. 4) M.M.