Poland may decide PZU deal with Eureko next wk-PM
WARSAW, Sept 22 |
WARSAW, Sept 22 (Reuters) - Poland's government may decide next week on a deal with Dutch insurer Eureko [EUREK.UL] in a decade-old row over control in Poland's largest insurer PZU, Prime Minister Donald Tusk said on Tuesday.
Eureko, which controls just under one third of PZU, has accused Poland of reneging on a promise to cede control of PZU made in 2001, triggering a dispute in which the Dutch insurer sought over $14 billion in damages.
"I hope I will have the necessary materials by the end of this week that would allow us to put this issue on the agenda of the government's session," Tusk told TVN news channel.
"I spoke about this issue with the Dutch prime minister who is also interested in a positive outcome to this row. I hope we will have the necessary information by the end of the week."
Poland's centre-right government revived talks with Eureko nearly two years ago but has missed several deadlines.
The two sides have set the end of this month as the final deadline for a deal and have scheduled a shareholders' meeting for September 25 for a possible vote on the dividend.
Local media have speculated that PZU, in which Poland has a 55 percent stake, would pay a dividend of as much as 12 billion zlotys ($4.26 billion).
In exchange Eureko, which would get a third of the payout, would drop its ongoing arbitration suit or even sell its 33 percent stake. (Reporting by Patryk Wasilewski; Editing by Hans Peters)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints


Follow Reuters