Elektrim continues with all parties for its shares in ET

Elektrim shares dropped 8.1% to a record low of zl. 4.00 a week before the meeting with creditors that may prove crucial for the holding's future. The management of Elektrim said that it is analyzing the proposal made by a group of the bondholders under which the company would sell 49% of Elektrim Telekomunikacje shares, which controls central Europe's largest mobile operator PTC for euro 450 million. Meanwhile, it is continuing talks with the BRE Bank - Eastbridge consortium which is interested in purchasing the subsidiary as well. "Because of legal and fiscal conditions and the complexity of the transaction, the comparison of the proposal by BRE and Eastbridge consortium with the bondholders offer will only be possible after additional analysis and evaluation of both proposals," said president of Elektrim Jacek Krawiec. The bondholders declared that, should the company fail to propose a plan to cover all its debts, they would take steps to put the company into receivership. (Parkiet, p. 1, Reuters) M.K.