KPWiG presents case to Warsaw prosecutor against Elektrim

According to the privatization agreement of PAK, Elektrim was obliged to purchase employee shares by the end of last year at a price set at zł. 242.34 a share. However the company, which has serious financial problems, had offered a price discounted by 45% at the end of December. "We are sending a notice to the prosecutor because this case calls for a thorough examination since the Commission does not have enough information in order to make a decision," said Michał Stępniewski, KPWiG spokesperson. The reason for this is that the privatization agreement is confidential, and only the prosecutor can request to review it. (Parkiet, p. 1) A.K