Future of Polkomtel in question as major shareholders unable to agree

However there is little chance of reaching an agreement between Polish shareholders of the company - copper giant KGHM, oil giant PKN Orlen and the National Grid (PSE). Orlen is still pushing ahead the sale of the shares, while KGHM and PSE are not really in favor of such a scenario. "This is an important element of our strategy. If we sell them quickly, we will lose the right to dividends. At the same time we do not have an option for an alternative investment that would produce similar profits. We do not need a substantial cash injection from the sale of shares," said Andrzej Krug, deputy president of the copper conglomerate. "This is a good moment to sell the shares. We will however continue cooperation with PSE and KGHM aimed at a joint offering of the shares," said Cezary Smorszczewski, deputy president of Orlen. (Puls Biznesu, pp. 1, 7) M.M.