Elektrim begins to flex its muscle over PTC

However, French concern Vivendi, which holds a 51% stake in ET, does not agree with the Court's ruling and claims that it does not change the ownership structure of PTC. "We do not understand such an attitude," stated Elektrim's president Piotr Nurowski, "The only sensible solution is an agreement between the parties respecting the Vienna ruling." Nevertheless, Vivendi has warned it would take all the legal steps necessary to protect its interests. According to Puls Biznesu, the representatives of Deutsche Telekom, which is interested in buying PTC shares, decided not to take part in the meetings of PTC supervisory board until the problem of the changes to the board is solved. (Puls Biznesu, p. 4) E.B.