Elektrim and DT argue over the value of PTC shares

"The arbitration court ruled that DT efficiently executed the option but it stated that the terms and conditions of the transactions were to be specified. We exchange confidential correspondence with DT," stated Elektrim's president Piotr Nurowski. The talks most probably concern the valuation of the option. According to the partners agreement the value of the option is its accounting value which is approximately EUR 320-350 million at the time when the option was executed."The problem is that the accounting value of the shares currently amounts to EUR 560-580 million," stated Nurowski. (Puls Biznesu, p. 10) E.B.