On Thursday Treasury Minister Aleksander Grad was very cautious regarding Friday's general shareholders meeting of national insurance giant PZU, which was to mark a settlement of the 8-year long conflict between the shareholders from the Treasury and Dutch firm Eureko.

"We are not working under time pressure. If a better compromise needs more time, it is worth doing so. These negotiations are extremely complicated. Each set milestone date weakens the negotiation's standing. I did not set such date for myself," said the minister.

None of the parties of the conflict was willing to comment on the progress of negotiations. According to Rzeczpospolita, most of the elements of the compromise have already been arranged, but the resolutions now have to be approved by Eureko.

"The general shareholders meeting thus depends on these decisions. If they are not achieved the meeting could be halted. This will give time for both parties to make further arrangements," said a person close to the negotiations. According to other sources, a dispute is still ongoing over legal issues.

Source: Rzeczpospolita