KNUiFE tells Eureko it is too poor to buy PZU shares

When the Dutch firm submitted the application at the end of January, its deputy president, Ernst Jansen, was convinced that there would be no difficulties in receiving the consent of the Insurance and Pension Funds Supervisory Commission (KNUiFE) since his company was, "In an excellent financial condition". However, KNUiFE rejected the application on April 7. According to daily Puls Biznesu, the official reason for the refusal were formal objections as to how the investment would be financed (the company's own capital plus the income from the emission of shares). Eureko has already filed an appeal against KNUiFE's decision. (Puls Biznesu, pp.1, 6) A.M.