Eureko ready to negotiate over PZU
Today, there will be a shareholders meeting of insurers PZU. Readers will remember that the Eureko-BIG BG consortium took a 30 percent stake in the company but giving it 50 percent of the votes almost two years ago.
The treasury has since been using underhand methods to limit the control of this company.
Ernst Jansen, managing director of insurers Eureko, and the person responsible for the companies investment in PZU said that he was not able to suggest what might happen at todayís shareholders meeting of the Polish company.
Ernst Jansen said that the treasury organised it against the will of Eureko. He said that he would wait and see what happens.
Todayís meeting will see the same schedule as at that of 8 January at which the treasury forced the exit of the management chosen by the investor and put its own people in place. There are no representatives there of the Eureko/BIG BG consortium which has a thirty percent stake in PZU.
Ernst Jansen believes that during the January meeting the privatisation contract and company stature were broken. This gives the consortium the right to have four of its appointees on the board.
Ernst Jansen said that in his opinion the treasury must accept full responsibility for what happens to PZU.