WSJ report on PZU stake offer dismissed as false

Representatives of pan-European insurer Eureko and domestic BIG Bank Gdanski have officially dismissed as false a report published by the Wall Street Journal late last week stating that the treasury minister had offered to sell the Eureko-BIG BG consortium a further stake of 21% in Poland's largest insurer PZU. The Treasury Ministry did not comment on the matter. Though Eureko deputy chairman Christopher de Beck did meet with Treasury Minister Andrzej Chronowski, such an offer was never made, the representatives said. The Treasury and private investors have been battling it out for months to gain control of the dominant insurer. (Prawo i Gospodarka, Feb 17-18, p.1)