Courtesy of PZU

According to sources cited by Rzeczpospolita, the dispute between Dutch insurance company Eureko and the Polish state over PZU now concerns the buyout price for the Polish firm.

"The State Treasury cannot reach an agreement with Eureko concerning the level of compensation for resigning from the PZU shares," said a source of the daily. He went on to say that it is hard to find funds for buying out the shares of PZU.

Another source claims that the negotiations are still ongoing and that the crucially important financial parameters are still to be negotiated by the parties. Neither of the parties are willing to comment on the situation as the talks are still being conducted.

"The history of this conflict and changing political assessments do not spell anything good," said Grzegorz Domański from the law company Domański, Zakrzewski, Palinka. In his opinion, two solutions are possible; that either an agreement with Eureko can be reached under which the Dutch firm relinquishes its stake in PZU for an agreed upon price, or shareholders can wait for the eventual resolution of the matter by an international arbitration court.

Source: Rzeczpospolita