Warsaw (Puls Biznesu) – Before Christmas, the supervisory board of Polkomtel, presented to its foreign shareholders, including British Vodafone and Danish TDC, the agreement signed by the Polish shareholders, i.e. KGHM, PSE and PKN Orlen. The Polish shareholders want Polkomtel to be listed till September 2005.
Unofficial sources say that foreign investors did not take any stance against the proposal. The Polish shareholders sent a letter asking for their opinion. ‘We would like to start talks with foreign partners in January’, Piotr Rutkowski, PSE deputy CEO said. The talks will concern changes in Polkomtel’s statute, which have to be made prior to the IPO. 75 percent of votes at the shareholders’ meeting are necessary to introduce any changes.
PKN Orlen fuel giant would like to sell the whole stake it owes. i.e. nearly 20 percent. ‘Of course, if the capital market breaks, we will have to see it differently. Today, it is very strong’, Igor Chalupiec, PKN Orlen CEO said. KGHM and PSE, on the contrary, would like to sell as few shares as possible. They say that it is worthwhile to place around 25 percent of shares on the market.
Poland/Enterprises/Telecommunication