OFEs against Global City withdrawal from WSE
15:22
As many as four Polish private pension funds (OFEs): PZU, Nordea, Aviva and ING, have signed a joint agreement to protect its minority shareholders' rights in light of the de-listing of Global City (GC) shares from the Warsaw Stock Exchange, the Polish Press Agency reported.
In the OFEs' opinion, the withdrawal of GC may cause damages to their minority shareholders, as the shares will become practically unsellable.
The agreement was signed on March 10, the financial watchdog KNF has been informed about the joint action of OFEs.
Global City Holdings operates Cinema City multiplex in Poland, its board of managers decided to exit the WSE in early February.
