Elektrim plans to sell 6.5% of PTC to Kulczyk Holding

Elektrim, with a 34.1% stake, is currently the largest shareholder in PTC, which operates the Era GSM system, while Kulczyk Holding owns 4.8%. Elektrim said that the transaction price would not be significantly higher than that at which it had acquired the shares. On average, Elektrim paid less than zl. 5 million per 1% of PTC shares. Now analysts estimate that a sale of PTC shares at a price lower than $25 million per 1% would cause Elektrim stocks to drop. PTC had 647,000 subscribers at the end of September and its market value is estimated at $2-$3 billion. (Rzeczpospolita, page 11, Reuters)