Eureko ends PZU arbitration

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Dutch insurer Eureko has ended its arbitration proceedings with the former Polish insurance monopoly PZU, ending a seven-year legal process brought after Poland’s treasury reneged on a promised privatisation of the national industry’s largest player.

The move comes as part of a schedule aimed at returning control of the company’s board to the treasury, after the receipt of PLN 4.77 billion (£1.02 billion) in dividend and profits payments at the end of November last year. Eureko had reportedly or