Eureko requests Prime Minister settle PZU infighting

Pan-European insurer Eureko wrote a letter to Prime Minister Jerzy Buzek, asking him to mediate the conflict within Poland's largest insurance group Powszechny Zaklad Ubezpieczen (PZU) of which it is the strategic investor. According to Eureko, conflicts within the group are delaying the privatization process and successful issue of new shares. Eureko said the infighting has created negative publicity about the insurance group. The selection of a new president of the supervisory board at the general shareholders meeting was hoped to signal the end of the infighting but the appointment was delayed without any information by the new Treasury Minister Andrzej Chronowski. Eureko has written a letter to Chronowski requesting he respect agreements otherwise he is damaging investors. "We will be forced to use all legal means to protect our rights," said Eureko management member Ernst Jansen. (Prawo i Gospodarka, Sept. 2-4, page 1, 8)