Warsaw (Puls Biznesu) – Elektrim, Poland’s listed company, received from Elektrim Telekomunikacja (ET), a company owned by French Vivendi, a monition to immediately pay PLN 11.76 billion (EUR 2.9 billion).
ET explained the sum would compensate losses incurred by Elektrim, which is responsible that ET’s stake in PTC, the operator of Era mobile company, was taken away from this company. The arbitrary court in Vienna decided in March that the 48-percent stake of PTC belongs to Elektrim and the earlier transfer of this stake to Elektrim Telekomunikacja (formerly owned by Elektrim) was not valid. Vivendi, which bought ET for the sake of the stake in PTC did not like this decision. ‘You have the opportunity to watch the biggest theft in Europe. The theft of nearly EUR 2 billion’, Philippe Houdouin, ET CEO commented in March.
Elektrim’s management say that Frenchmen are not right. Piotr Nurowski, Elektrim CEO, proposed ‘talks in this issue’. ‘We do not agree with accusations that ET’s assets were stolen. We should sit and negotiate’, he was convincing. Vivendi demanded to be paid back the funds they had spent in ET.
(PLN 1 = EUR 0.243)Poland/Enterprises/Telecommunication