Kaczmarek to seek Cabinet backing for plan to terminate deal with Eureko

Treasury Minister Wieslaw Kaczmarek will, at a meeting of the Cabinet today, present his new strategy for the privatization of insurance giant PZU. "This will be an efficient strategy," Kaczmarek commented, refusing to reveal any details. An anonymous insider quoted by Prawo i Gospodarka suggests that the minister may be planning to seek permission to cancel the annex to an agreement with PZU shareholder Eureko, under which the Dutch insurer would have taken a controlling stake in the company. According to the Prawo i Gospodarka source, Kaczmarek is likely to receive government backing for his plan. (Prawo i Gospodarka, p. 6) M.K.