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Elektrim must buy back EUR 471m of bonds

APA - Austria Presse Agentur
opublikowano: 21-09-2005, 15:31

Warsaw (Puls Biznesu) – The London public court said that Elektrim, the owner of a stake in PTC mobile operator, must buy back EUR 471.4m of bonds.

Warsaw (Puls Biznesu) – The London public court said that Elektrim, the owner of a stake in PTC mobile operator, must buy back EUR 471.4m of bonds.

“Elektrim is going to appeal”, the company said in an announcement. On September 14th, the court decided that the bonds issued by Elektrim are to be bought back at once. It explained that Elektrim broke the restructuring agreement signed in 2002.

Bondholders said that they wanted the bonds to be bought at once. Elektrim replied that it was waiting for written explanation of the court’s decision. Zygmunt Solorz-Zak, Elektrim’s chairman and main shareholder, repeated that he could pay back the bonds in their due time, i.e. December 15th 2005.

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Podpis: APA - Austria Presse Agentur

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