State Treasury Minister, Piotr Czyїewski, has confirmed earlier rumours in the press concerning plans for a capital merger between the insurance giant PZU and the largest retail bank PKO BP, both controlled by the Treasury.
The Minister cautiously added that for such a decision they would have to have an agreement from Dutch Eureko, which together with Bank Millennium controls a 30% stake in PZU.
"We have to take into account all factors. The future of the company has to be discussed with all shareholders," said Czyїewski.
Although the easiest way to go through with the merger is the purchase of the stake from Eureko, the investor is not interested in selling out.
Eureko is currently in conflict with the government concerning the purchase of additional shares in PZU.
