In October 2008, Andrzej Klesyk, CEO of Poland's biggest insurance company PZU, reflected on potential ways of determining a decade-long cross-border shareholder disagreement at his firm. Possessed 55% by the Polish State Treasury and 33% by the Dutch insurer Eureko as of October 2008, PZU was Poland's largest asset holder and a highly profitable business.
Eureko aimed at bulk ownership of PZU as the building block of its own Eastern European expansion strategy. The Treasury, however, was unwilling to forfeit control of the nation's crown jewels. Several rounds of discussions and international arbitration did not resolve the conflict, resulting in a progressive violation of trust. Was there something Klesyk could do to split this stalemate that is multilateral and international?
Poles apart on PZU (A) Case Study Solution
PUBLICATION DATE: February 24, 2012 PRODUCT #: 912013-HCB-ENG
This is just an excerpt. This case is about COMMUNICATION
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