In Brief: Tel-Energo not sold; PKE to buy into coal mine? Emax Q3 results

Puls Biznesu has unofficially learned that the National Grid (PSE) has decided not to sell its stake in Tel-Energo to Netia as it believes the single bid it received was far too low. This does not mean that the negotiations are over, as PSE plans to convince Netia to take part in the process of injecting capital into Tel-Energo. (Puls Biznesu, p. 5) ... The management of the Southern Energy Concern (PKE) has turned to coal mine holding concern Kompania Węglowa (KW) with a proposition to form a new venture together in which PKE would be able to take over the Bolesław Śmiały mine, owned by KW, which is scheduled to be closed. PKE proposes that KW would transfer the mine to the assets of the new company, while PKE would invest zł. 30 million. A final decision will be reached around mid November. (Puls Biznesu, p. 9) ... IT company Emax has posted Q3 revenues of zł. 43.3 million, which is a 41% increase as compared to the same period last year. However, its net loss exceeded zł. 260,000. (Parkiet, p. 5) A.K.