Control of Plus GSM comes with some conditions

"If Vodafone and TDC give up their pre-emptive rights and allow the flotation of the operator, then we are ready to sell roughly half of our stake. Part of it could be purchased by Vodafone and TDC, while the rest would be sold on the bourse. However as minority shareholders we have to secure our interests. We would expect for instance a seat in the management and supervisory boards," said Piotr Rutkowski, deputy president of PSE. Analysts are sure that these demands are not likely to satisfy foreign shareholders of Plus GSM. "I do not believe that Vodafone would agree to purchasing a controlling stake and dividing the power over the company," said Krzysztof Kaczmarczyk, an analyst with DB Securities. He went on to say that chances of selling the shares before the elections are highly unlikely. Plus GSM is said to be worth between zł.13-18 billion total. (Puls Biznesu, pp. 1, 3) M.M.