Falenta to withdraw from business

Controversial investor Marek Falenta, one of the suspects in Poland’s tape scandal investigation, is selling all of his business interests, he told Rzeczpospolita in an interview published on Tuesday. Shares in both telecom infrastructure firm Hawe and mining services firm ZWG are on sale. “On Friday, we signed a conditional agreement on the sale of my whole stake [in Hawe],” Falenta said, adding that some six-seven investors were interested in buying it. “I think we will still observe an attempt to fight for that company, because the price is very good and the company’s infrastructure is unique.” The businessman also confirmed selling his stake in ZWG, about one third of the company’s stock. “We have the first offers from investors wishing to buy it,” Falenta said. “I believe we will close the book-building process this week.” Falenta claims that he will retire after selling the shares. He rejects any involvement in the tape scandal.