Elektrim looks for a way out of ZE PAK privatization

In official statements Elektrim representatives have been quite restrained in their opinions related to any withdrawal from the investment. "We are not interested with disposing of shares in PAK, but the execution of privatization agreement," said Elektrim spokeswoman Ewa Bojar. This does not stop Elektrim from discussing the issue of leaving PAK with the Treasury. Due to unspecified reasons Elektrim is either not willing to sell its shares in the company to a new investor or cannot do it. In relation to the questions whether shares are being secured for creditor claims, "Due to the fact that we are not interested with disposing of the shares, the question is groundless," said Bojar. Elektrim claims that the only solution is to withdraw from the privatization agreement and reimburse investment outlays. Elektrim president Piotr Nurowski stressed that this would be an amount substantially greater than zl.1 billion. One potential solution to this complicated issue would be KGHM acquiring the shares. (Puls Biznesu, pp. 1, 9) M.M.