In Brief: KGHM in Grupa Multimedialna; Panorama Firm; SAirGroup crisis
KGHM Metale, a subsidiary of copper giant KGHM Polska Miedz, decided to join
Telewizja Familijna and PZU Zycie as a shareholder in Grupa Mutimedialna,
which aims to be a major Internet and press publishing player. The group is
to announce details of its strategy by the end of March. (Puls Biznesu, p.9)
... Swedish telecom firm Telia sold a 100% stake in Poland's leading
yellow-pages publisher Panorama Firm to Scandinavian media company Eniro for
SEK1.17 billion, or zl.480 million. (Puls Biznesu, p.5) ... The shares of
SAirGroup, which holds a strategic 37.6% stake in Polish Airlines LOT, have
plummeted to a five-year low after it was reported that the company's losses
amounted to $1.5 billion last year. It is now rumored that SAirGroup will be
forced to find a strategic investor, with American Airlines considered a
likely candidate. (Puls Biznesu, p.10) T.J.
