PZU looks set to sell minority stakes in its NFI's

Over the coming days the management boards of insurance companies PZU and PZU Życie will make a final decision about selling a 20% share of its 100% stakes in its national investment funds (NFI) Drugi, Progress and Eugeniusz Kwiatkowski. They have to accept a memorandum concerning the shape of the future transaction, which will be the biggest of this type on the market so far. "The shares will be sold over three to four months," said Stanisław Gomułka, the head of PZU NFI's supervisory board. The insurers already have a list of companies which might be interested in the deal, but would not reveal their names. The market value of these 20% stakes amounts to around zł. 60 million. (Puls Biznesu, pp. 1, 6) M.M.