PZU group to pull out of National Investment Funds

The PZU group is boldly preparing itself for the sale of its shares on National Investment Funds (NFIs). "We are considering the sale of the company responsible for managing NFIs as well as particular funds," said Stanisław Gomułka, chairman of PZU NFI Management's supervisory board. "Work on the withdrawal of the PZU group from the NFI market is under way. Our owner is directly responsible for this venture and has even found an advisor for this purpose," said Wojciech Grzybowski, president of the managing company. It is known that NFI PZU Management has prepared materials delineating the conditions of the sale offer but the document has not yet been approved by the supervisory boards. "In our three national investment funds we have zł. 267 million. We were thinking of earmarking this for the purchase of our own shares and their subsequent write-off," said Gomulka. This has been a popular operation recently on the NFI market. (Puls Biznesu, p.4) A.C.