Eureko is forced to leave BIG BG pension fund Ego

BIG Bank Gdanski's (BIG BG) universal pension fund in charge of Ego pension fund will soon be left with just one shareholder as Eureko consortium has decided to sell its stake in the fund. In October 1999 Eureko bought a 20% stake in Powszechny Zaklad Ubezpieczen (PZU), which owns Zlota Jesien pension fund. According to law, Eureko cannot be a shareholder of more than one pension fund and thus was given the maximum period of six months by Pension Funds Supervisory Office (UNFE) to solve the problem. It decided to sell its Ego stake to BIG BG, which initially owned a 55% in Ego. BIG BG has already filed with UNFE for permission to surpass 80% of votes at the pension fund's general shareholders' meeting. Spokespersons for Eureko and BIG BG deny any decision has been made on the future of Eureko shares. (Gazeta Wyborcza, page 20) P.S.