Warsaw (Puls Biznesu) – Tommorow a court proceedings start in a case filed by Kulczyk Holding, owned by Jan Kulczyk, one of Poland’s most powerful businessmen. His company filed the suit last year when the shareholders’ meeting decided to cut votes of shareholders by 80 percent with one exception concerning the votes of the Treasury, the owner of a 33 percent stake. The latter would have its votes cut on June 30 th 2005.
The Treasury explained it needed time to pass the ‘golden share’ law. A bill is still being prepared by the Polish Parliament. Another court proceedings filed by Kulczyk against the Treasury is planned for May 18 th. It will cover events of 5th August 2004 when the Treasury changed the supervisory board dismissing Jan Waga, Kulczyk Holding CEO.
‘Orlengate’ is being investigated by Parliamentary commission. One of its misteries to be solved is whether the Treasury misused its powers in PKN Orlen.
Poland/Enterprises/Gas and Oil