G-Tech tired of delays in planned purchase of PolCard

According to unofficial information, US-based G-Tech may soon abandon its plans to purchase PolCard, as the latter's shareholder refuse to fulfill the conditions required by G-Tech for the contract to be concluded. G-Tech has offered $120 million for PolCard, with the remaining investors, including Euronet, Europrocessing of Norway and US-based Firstdata offering much less. Nevertheless some of PolCard's shareholders, particularly Bank Pekao, believe that the end is in sight and the sale will be confirmed this year. Thanks to this Pekao, which holds a 30% stake in PolCard, will be able to generate a zl. 1 billion net profit for 2002. (Parkiet, p. 1) A.Z.