BRE Bank sells 8.2 million Elektrim shares

BRE Bank has just announced the sale of 8.2 million Elektrim shares to media company, Polsat Media. According to unofficial information, the value of the transaction is much lower than earlier envisaged, and represents one stage of a contract the bank signed with Polsat Media in February. From then, until the end of June, BRE Bank has sold 9.55% of Elektrim and has decreased its share in the firm to 20.31%. "The most crucial conditions of the F ebruary deal have not changed. BRE Bank confirms that the total capital gains from the sale of Elektrim will be zł. 20.3 million," stated Paweł Wróbel from the bank's press office. (www.onet.pl) A.Z