In Brief: Ocean; Pro Futuro investment; BRE; Netia to issue new shares

A Warsaw court annulled proceedings regarding the bankruptcy of the Ocean trading company. The company has finally reached agreement with the Jax finance and investment corporation, which filed for bankruptcy proceedings. The court ruling does not exclude the possibility of further bankruptcy claims by other investors. (Prawo i Gospodarka, p. 5) ... Negotiations over the investment in the Pro Futuro Internet provider by Tel-Energo are e xpected to conclude soon. Rather than directly investing in the company Tel-Energo would like to purchase Pro Futuro convertible bonds. (Puls Biznesu, p. 5) ... BRE and the Kulczyk Holding investment group want to take control over Elektrim' s energy assets. BRE and Kulczyk Holding plan to take over the Patnow-Adamow-Konin (PAK) power plant, in which Elektrim has a 38.5% stake. (Gazeta Wyborcza, p. 30) ... During Thursday' s extraordinary shareholder' s meeting of ailing telecoms operator Netia, the shareholders decided on a new share issue. Up to 83.2 million J series shares will be issued and maximum 64.8 million of that will go to the current shareholders, while the remainder will go to management and employees. (Gazeta Wyborcza, p. 30) M.T.K.