The first round of negotiations between UniCredito and the state treasury is due to start today. Deputy treasury minister Pawel Szalamacha will represent Polish government and UniCredito will be represented by Marina Natale, responsible for M&A transactions. As Prime Minister Kazimierz Marcinkiewicz indicated on Friday that he expects the compromise in 3 weeks time (before the next banking supervision committee meeting), we would not expect any immediate outcome from the negotiations.