In Brief: Stoen sold; BIG BG bonds issue; Consortium for G-8; TPSA prices

The Treasury Ministry signed a final privatization deal with German energy concern RWE Plus for Warsaw-based energy distributor Stoen. An 85% stake has been sold for zl. 1.5 billion. Stoen may now count on investments worth zl. 422 million. (Parkiet, p. 1) ... BIG-Bank Gdanski intends to launch a public issue of 20 million bonds with a nominal value of up to zl. 2 billion. The bonds are targeted at individual clients who want to avoid paying the 20% tax on interest imposed on regular deposit saving accounts. (Parkiet, pp. 6, 4) ... E.ON and Electrabel have formed a consortium to bid for the purchase of the G-8 group power group and agreed on a division of the group between themselves. Three distribution companies will go to Electrabel and five the German concern. (Puls Biznesu, p. 8) ... TPSA has announced a decision to lower connection rates with mobile phones starting from the beginning of November. Mobile phone operators declared that the telecom giant wants to reduce changes at their cost. "It is the dominant operator that should lower the profit margin and not renegotiate contracts with mobile phone operators," they say. (Prawo i Gospodarka, p. 1) A.Z.