7/10/2024, 7:34:02 pm

Polish Billionaire’s Family Row Irks Pension Fund as Stock Drops

Polish billionaire Zygmunt Solorz ousted his two sons from his utility, deepening a family feud over control of his conglomerate, driving down valuations and raising concerns for a leading minority investor. Solorz’s investment vehicle, which controls Warsaw-listed power producer ZE PAK SA, voted out Tobias Solorz and Piotr Zak from the firm’s supervisory board at a shareholder meeting on Monday.