Chickens come home to roost

Alan Heath
29-01-2001, 00:00

Chickens come home to roost

The opinion of most lawyers is that it will be very difficult for the treasury to offer shares of insurer PZU without first getting the agreement of the Eureko/BIG BG consortium with whom the government has been fighting to control the company.

Eureko/BIG BG has already said that it will not permit such an offer.

As if that was not enough, the government would also have to convince the stock exchange commission that the company was safe for investors.

Even if that were achieved, it would be very hard to entice people to put money into this company after the events in it over the past few months.

Treasury minister Andrzej Chronowski has until the end of the month to make a decision.

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Podpis: Alan Heath

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Puls Inwestora / Chickens come home to roost