PKF want to convert zl. 15 million of DTU debts into shares

The Finance Ministry is examining two proposals of increasing the capital of Daewoo's insurance company Daewoo TU (DTU). One of the offers concerning the purchase of DTU's shares was made by the French broker Assurances 2000, and the second by the Polish Finance Consortium (PKF), which wants to exchange the debts for shares. The two investors plan to enter the DTU along with the Polish Reinsurance Association, which received a green light for investing zl. 15 million from the supervisory board, according to which in order to buy the DTU shares, investment capacities amounting to zl. 50 million must be available. PKF has thus bought the debts that DTU owed to Daewoo-FSO and plans to exchange them for shares worth zl. 15 million. (Puls Biznesu, p.5) A.C.