NIK: privatisation of PZU should be re-negotiated
The Supreme Audit Board (NIK) released its latest report on the controversial insurance company PZU. According to NIK, the privatisation contract gave too much privilege to the consortium of Eureko and BIG Bank Gdanski that purchased a 30% stake in PZU in 1999. Thus, the minority shareholders were enabled to influence PZU's decision-making processes to a greater extent that their share in the company would indicate. NIK's chairman Janusz Wojciechowski said that problems with PZU's privatisation resulted from the lack of co-operation between the State Treasury Ministry, which controls 56% of the company, and the minority shareholders. The State Treasury Ministry invited Eureko and BIG BG to negotiate on the situation in PZU, but the consortium refused talks. Eureko's representative Michal Nastula said the consortium wanted a written guarantee from the ministry that the privatisation agreement of Nov 5, 1999, is to be kept.
Źródło:IntelliNews Daily
