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PZU mulls voting caps to keep state in control
WARSAW May 4 (Reuters) - Eastern Europe's largest insurer PZU PZU.WA wants to limit the voting rights of its non-state shareholders, which would allow the Polish treasury to maintain control, but would not stop a strategic investor buying in.
The company said in a statement on Wednesday that it would ask its investors on behalf of the treasury to approve a change, which would cap voting rights of regular shareholders to 10 percent of the bank's outstanding capital.
"The change does not prevent a strategic investor from entering the company," the statement said.
The move follows the same decision by other-state controlled companies, such as Poland's top bank PKO BP PKOB.WA and PKN Orlen PKNA.WA.
The treasury has a 45 percent stake in the company. (Reporting by Dagmara Leszkowicz)
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