New commission poses questions for flotation of PZU

Sittings of the Commission will coincide in time with preparations for the debut of the company on the WSE in late spring. This is likely to adversely affect the demand for shares, which altogether are worth between zł.3-4 billion. However, according to some executives the work of the Commission does not have to be a major factor. 'As long as the findings of the commission don't endanger minority shareholders this will not make us abandon plans to buy shares.' Said Michiel Boot, the manager of ING Investment Emerging Europe. This opinion was also expressed by Guenter Faschang, the manager of Vontobel Eastern Europe. He added that for Vontobel the main criterion is profitability. Other representatives of financial institutions say they will wait for the findings of the investigation for security and image reasons. (Parkiet p. 1) M.G.