BRE Bank permitted to take 13.5% stake in Elektrim

The Securities and Stock Exchange Commission (KPWiG) has given BRE Bank the go-ahead to take over 11.4 million shares in Elektrim - over 13.5% of the company's total capital. The shares were a credit guarantee granted by the bank to two individuals. This move has been expected since mid-January when the Commission granted BRE permission to exceed the 33% threshold of voting rights during Elektrim's shareholders meeting. Although it had been speculated that the shares would be taken from Ryszard Opara, the deputy head and one of Elektrim's main shareholders, it was disclosed that he only owns 8 million shares - 3.5 million short of the target. BRE refused to reveal any further information on the matter. (Parkiet, p. 1) A.K.