Press release
direct/ Eureko B.V. (NL) - EUREKO´S REPLY TO THE PRESS RELEASE OF THE MINISTRY OF THE STATE TREASURY
In relation to today´s press release of the Ministry of the State Treasury, in which it seeks Ernst Jansen´s dismissal from the PZU Supervisory Board, Eureko responds:-Eureko selected the Dutch office of PriceWaterhouseCoopers as an independent financial expert in the arbitration proceedings between Eureko BV and the Republic of Poland.
For more than a year now, the Ministry of the State Treasury has been aware of this fact.
Almost two years ago Eureko requested the Dutch office of PWC to confirm that the firm had proper "Chinese Walls" procedures between its Dutch and Polish operations. Such confirmation was provided by PWC. Hence, Eureko does not see any conflict of interest if PriceWaterhouseCoopers´ Polish office provides audit services for the PZU Group, especially as just two days ago, in a letter to PZU, PWC gave assurances of its independence. PWC was selected by the Supervisory Board of PZU SA on the basis of the proposal of the Management Board. However, if the Management Board of PZU SA or any of other major shareholders of PZU sees this as an uncomfortable situation, Eureko will not oppose the selection of a different, equally reputable auditor for the Group.
Eureko is surprised by the Ministry´s declaration that it will demand Mr. Ernst Jansen´s revocation from the Supervisory Board of PZU SA. Eureko´s Vice Chairman - Mr. Jansen - was appointed to the Supervisory Board of PZU SA in 1999 by the Ministry of State Treasury and Eureko BV jointly, on the basis of the privatisation agreement.
Moreover, even before the Ministry´s press release was published, Eureko had received a letter from the Minister of the State Treasury demanding the revocation of Mr. Jansen from the Supervisory Board. The letter, which is attached to this press release, does not refer to any issues related to the process of selecting an auditor for the PZU Group.
The facts presented above, the contents of the Ministry´s press release, and the contents of the letter from the Minister prove that, instead of seeking possible amicable solutions of the dispute between the Ministry of the State Treasury and Eureko, the Minister is ready to use any pretext to aggravate this conflict. Eureko regrets that this is the situation, as it would prefer to find a solution in bilateral negotiations.
Eureko obviously will not revoke Mr. Ernst Jansen from the Supervisory Board of PZU SA as he enjoys Eureko´s full confidence.
Ends
Zeist 12 January 2007
For further information, contact:
Lorrie Morgan (International Media)
+31 (0)30 693 7065 / + 31 (0)654 93 72 72
Monika Wincenciak - Ziemba (Polish Media)
+48 607 077 572
Barth Scholten (Investor Relations)
+ 31 (0)30 693 7051
Press release
http://hugin.info/133916/R/1097988/195452.pdf
ang-letter from Jasinski
http://hugin.info/133916/R/1097988/195454.pdf
MoT calls for dismissal of EJ from PZU SA SB
http://hugin.info/133916/R/1097988/195455.pdf
The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release direct/ Eureko B.V. (NL) - EUREKO´S REPLY TO THE PRESS RELEASE OF THE MINISTRY OF THE STATE TREASURY here
News-ID: 14479 • Views: …
More Releases from Eureko B.V.
THOMAS VAN RIJCKEVORSEL APPOINTED TO EUREKO EXECUTIVE BOARD
Zeist, 14 March 2008 - The Supervisory Board of Eureko has decided to appoint Mr. T.C.A.M. (Thomas) van Rijckevorsel to the Executive Board of Eureko effective 1 April 2008. He is currently a member of the Rabobank Private Clients Directorate.
Van Rijckevorsel (53) joined ABN AMRO after graduating with a law degree from Leiden University. He then transferred to Rabobank in 1991. From 1994 his responsibilities were extended to include…
direct/ Eureko B.V. (NL) - EUREKO / ACHMEA AND AGIS ZORGVERZEKERINGEN MERGER FIN …
Zeist/Amersfoort, 28 December 2007 - The merger of Eureko and Agis Zorgverzekeringen is a fact. The Councils of Members of Vereniging Achmea and Vereniging Agis have given the green light to the merger. The external supervisors, the Netherlands Competition Authority (NMa) and the Nederlandsche Bank (DNB) have given their approval. The merger creates the largest health insurance group in the Netherlands, insuring a total of 4.7 million people.
Agis will…
direct/ Eureko B.V. (NL) - Eureko Announces 2007 Interim Results
Net profit on course, strong premium growth
Expansion in Turkey and merger with Agis announced
- Net profit on course at EUR 561 million; down 16% from EUR 669 million at 30 June 2006
- Gross written premiums up 9% to EUR 8,602 million, from EUR 7,910 million in the first half of 2006
- Value of new business (life insurance) up to EUR 33 million, from EUR 23 million…
Eureko increases its stake in BCP
Eureko B.V. announced today that it has acquired a further 2.72% stake in Banco Comercial Português, SA (\"BCP\"), bringing the total shareholding of the Eureko Group in BCP to 9.96%.
This transaction emphasizes Eureko´s long-standing strategic partnership with BCP.
Ends
Zeist, 9 July 2007
For further information, contact:
Lorrie Morgan (International media)
Tel: +31 (0)30 693 7065 Mobile: +31 (0)654 93 72 72
Marco Simmers (Dutch media)
Tel: +31 (0) 653…
More Releases for PZU
PZU recaps its cooperation with startups
PZU, the largest financial institution in Central and Eastern Europe, has prepared a report on its innovation endeavors and cooperation with startups. Several years ago, the PZU Group established the Innovation Lab that has since been providing support to all businesses run by Poland’s largest insurer in deploying state-of-the-art technologies and solutions. The new PZU Group Strategy for 2021-2024 calls for investments of PLN 100 million annually in areas involving…
What's driving the Telemedicine Equipment Market trends? AFC Industries, AMD Glo …
Market Study Report LLC has added a new report on Telemedicine Equipment market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Telemedicine Equipment market in tandem with its competitive terrain.
The telemedicine equipment market is projected to witness immense growth…
Payments Landscape in Poland Market Size 2019; Renowned Players Like PKO Bank Po …
"Payments Landscape in Poland: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Polish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, cash, cards, and cheques during the review-period (2014-18e).
The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of…
Payments Landscape Market Growth Analysis By PKO Bank Polski, mBank, Bank Pekao, …
Orbisresearch.com published “Payments Landscape in Poland Market” from its database. The report provides Current and forecast values for each market in the Polish cards and payments industry, including debit, credit, and charge cards. Along with detailed insights into payment instruments including credit transfers, cheques, direct debits, cash, and cards. It also, includes an overview of the country's key alternative payment instruments.
GlobalData’s "Payments Landscape in Poland: Opportunities and Risks to…
Big shift among CEE banking leaders. Erste takes the regional lead from UniCredi …
Assets of banks operating in Central and Eastern Europe (CEE15*) have been growing steadily recently. They have added another 4% during 2016 and reached nearly EUR 1.16 trillion as of Dec. 2016.
Growth
After overcoming recent bad debts restructuring and despite various headwinds, including unfavourable regulatory and tax developments, the banking industry across CEE region remains in a growing trend. During 2016, banking assets have increased in 12 out of 15…
direct/ Eureko B. V. (NL) - Ernst Jansen will retire from Eureko Executive Board …
Eureko B.V. today announced that Ernst Jansen (59), Vice Chairman of the Executive Board, will take up retirement as of 1 October 2007. Ernst Jansen joined Eureko´s subsidiary Centraal Beheer Achmea in 1990 and has been member of the Board of Eureko since 1992. For most of this time he has been responsible for Eureko´s operating companies outside the Netherlands. He has concentrated fully on Eureko´s investment in PZU, Poland…
