Elektrim expects EUR 600 mln from Vivendi for PTC

"We want EUR 600 million for our shares in PTC, out of which EUR 450 million will be for the bondholders, and we will be left with EUR 150 million," announced Elektrim's acting president, Piotr Nurowski. The media informed yesterday that the company is awaiting a binding offer from Vivendi despite rumors that the negations have been halted indefinitely. The Vivendi controlled Elektrim Telekomunikacja (ET), which controls the debatable 48% in PTC, recently announced that it will not discuss the transfer of these shares to Elektrim any more. Discussions were broken off after the Vienna Arbitration Court announced that the shares belong to Elektrim and not ET, but that it had no jurisdiction over ET and thus could not force it to give up the shares. (Puls Biznesu, p. 11; Parkiet, p. 4) A.K.