Warsaw (Puls Biznesu) – The second settlement proceeding was postponed yesterday in the case of Eureko vs. the Ministry of the Treasure over PZU insurance company. At the first meeting, the Dutch presented their conditions: PLN 6 billion (EUR 1.6 billion) of compensation, the possibility to buy the 21 percent stake in PZU at a price of 2001 and PZU’s IPO till June 30th. The ministry was to present its stance yesterday.
Due to the dismissal of the Minister of the Treasury Andrzej Mikosz, and the lack of his successor, we are forced to apply to postpone the case, Piotr Rudkiewicz who represents the ministry, said.
The next meeting is to be held on February 8th. Earlier, within four weeks, the ministry is to send to Eureko its point of view. Speculations say that the ministry may try to cancel the privatization agreement signed in 1999 or buy PZU shares. The new minister will be the tenth to hold talks with the Dutch investor.
I’m not sure whether talks will be easier, Ernst Jansen, Eureko deputy CEO said.
(PLN 1 = EUR 0.263)