BOT shares transferred today after two months of bickering

Following a two-month delay, the BOT Górnictwo i Energetyka group of power generation firms will finally be created when the Treasury Ministry, the group's only shareholder, today transfers the shares of the five constituent entities to the group as a whole. BOT will receive 69% of the stock in a group of companies consisting of the Bełchatów, Opole and Turów power plants and the Bełchatów and Turów coal mines. According to unofficial sources, the delay in the transfer of shares was caused primarily by quarrels over the allocation of seats on the supervisory boards of the five companies within the group. BOT's assets will total some zł.17 billion and the group should enjoy an income of around zł.6 billion. On top of this, BOT will command 27% of the power generation market and almost 20% of the market for fuel to power plants. The group will employ 23,000 people. (Puls Biznesu, p. 8) D.W.