In Brief: KSV BIG; Deloitte & Touche merger adviser to Tel-Energo; PGNiG

Deloitte & Touche has been chosen as the advisor to telecom company Tel-Energo in the merger process with Telbank. Soon, the Court of Arbitration at the National Chamber of Commerce (KIG) will rule on a conflict between PKN Orlen and the National Grid (PSE) over which of the two owns a 35% stake in NOM, whose main shareholder will soon become Tel-Energo. (Rzeczpospolita, p. B5) ... Polish Oil and Gas (PGNiG) posted a zł. 600 million gross profit, mainly thanks to lucrative gas extraction activities in 2003. According to the preliminary consolidated data, it turns out that PGNiG had revenues of zł. 10.8 billion, which is zł. 800 million more than in 2002. (Rzeczpospolita, p. B5) M.M.