Skip to content
Advertisement

Business

Will new Minister break deadlock in Eureko-PZU?

Dutch-based insurer Eureko said on Tuesday that it hoped the appointment of the new Treasury Minister would unblock the stalled deal to takeover s tate-controlled insurer PZU. The CEO of Eureko, Ernst Jansen said he had met in the past and struck a good report with Slawomir Cytrycki, who replaced Wieslaw Kaczmarek in Monday's Cabinet reshuffle to become the new Treasury Minister. Jansen said he also gained heart from Miller's call to accelerate and depoliticize the privatization process. Kaczmarek had pulled back on an earlier deal which would have raised Eureko group's stake in PZU to above 50%. "The Finance Minister could possibly agree to Eureko's further in vestments in the insurer only after a decision is made for an initial public offering," said Jan Czekaj, the Deputy Finance Minister. (Reuters; Rze czpospolita, p. B5) A.K.

More from Business All