Is Daewoo TU being rescued by Ciech?

Chemical sector company Ciech has submitted a motion to the Consumer and Competition Protection Office concerning a planned acquisition of a stake of over 25% in insurer Daewoo TU. According to market analysts this is a sign that an investor for Daewoo TU has already been chosen. According to Parkiet, the transaction is to be closed by the end of the month at the latest. Unless the insurance company has a significant capital injection soon, it could go bankrupt. According to unofficial information, before Ciech enters the company, the initial capital of Daewoo TU will be decreased from zł. 100 million to zł. 2 million. It would later be increased by acquisition of additional shares by the Polish Reinsurance Company (PTR) and Ciech. (Parkiet, p. 1) A.K.