Scandal during the GSM of PZU insurer

Warsaw (Puls Biznesu) – After stormy disputes, the GSM of PZU, Poland’s largest insurance company, decided yesterday to pay out PLN 1.35 billion (EUR 335.2m) of dividend.

Just before the GSM started, the main shareholders, i.e. the Treasury (55.1 percent of shares) and the Dutch Eureko (32 percent) quarreled. Agata Rowinska representing the state wanted two points to be crossed out from the agenda. The first one was the information about PZU’s preparations for the IPO. The second one provided for discussing a motivation scheme for the management after the company is listed. Both points were proposed by Eureko.

“It is not legal”, Ernst Jansen, Eureko deputy CEO protested.

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