No decision for Eureko in court case over PZU shares

The closing of the case was a direct result of the Treasury rejecting the proposals put forward by the Dutch investor, which currently has 33% of the shares in PZU. Eureko is demanding a stake of another 21% of shares in the insurer for zł.2.1 billion, a price which was valid during the signing in 2001 of the disputed agreement. According to the State Treasury, there was no realistic chance of reaching an agreement on the terms proposed by Eureko. However, that does not mean that a consensus in this case is impossible. "It takes two to tango, but the Minister did not want to dance. I am disappointed because the Minister earlier assured us that he is ready to sign an agreement with us, whereas he actually rejected it. Now we will wait for the decision of the arbitration, which should take place by the end of the year," said Ernst Jansen, Eureko's deputy president. (Puls Bzinesu, p. 5) A.K.