In Brief: AMS deal completed; Elektrim sets price for ET; Telbank shortlist
The takeover bid for shares of the biggest outdoor advertising agency Art
Marketing Syndicate (AMS) by Agora was completed yesterday. The original bid
per share was zl. 46, but this dropped to zl. 42 after the company announced
poor financial results last month. Agora has already announced it will
withdraw AMS from the Warsaw Stock Exchange over the next three years. (Puls
Biznesu, p. 8) ... Elektrim wants at least euro450 million for its 49% stake
in Elektrim Telekomunikacja, which owns 51% of the shares in Polska
Telefonia Cyfrowa (PTC), operator of Era GSM. (Parkiet, p. 1) ... Three
companies were placed on the short list with investors to purchase 74% stake
in Telbank, the tele-information company servicing banks, from National Bank
of Poland (NBP): Tel-Energo, Enterprise Investors, and Russian-based Antel
Holdings. The transaction is worth around zl. 400 million. (Puls Biznesu, p.
5), M.T.