Będzin tries to widen its scope of activities but minority shareholders protest against changes to company statute

The Będzin heating plant (EB) is planning to expand its activity. At the moment almost all of the firm’s revenues (zł.117 million in 2003) come from selling energy. In the future, EB is also going to offer services and products connected with the transmission network. “We would like to start with the production of pipes. That is why we made a change in the statute concerning the expansion of our activity,” said Jacek Umiński, a member of the management board. The company’s shareholders have also decided to give more power to the supervisory board, diminishing their own influence in the firm. However, the changes to the company statue to allow this to allow this are being challenged by two minority shareholders, Factor and Karol Investment Advising, both controlled by Marek Rojewski. (Parkiet, p. 5) A.F.