In Brief: BB Investment; TPSA loan to WP; Retail trade consolidation
Grzegorz Molewski, the founder and the main shareholder of the channel, confirmed his earlier plans to record operation profits after a year of running the company. (Rzeczpospolita, p. B4) ... On Thursday, TPSA granted a loan to Internet portal Wirtualna Polska (WP), which allows the company to stay afloat. Minority shareholders in WP demand the execution of the buy option from TP Internet, [which controls a stake of 80% in WP], for their shares for a sum of around zł. 230 million. (Rzeczpospolita, p. B4) ... According to a report by PricewaterhouseCoopers the retail trade sector will soon undergo consolidation and competing hypermarkets will begin to cooperate in securing suppliers with lower prices. (Gazeta Wyborcza, p. 25) A.K.