Parkiet Media share issue may be taken over by TP internet

TP Internet has an option of selling the firm over the next two years to concentrate on IT services. TP Internet's spokesperson, Radosław Żuk, confirmed rumors that the firm is negotiating the sale of an 82.76% stake in Parkiet Media, with several potential investors. He added that finding an investor was not an easy task and during this period TP Internet would continue investing in PM. PM's president, Grzegorz Haftarczyk, told Rzeczpospolita daily that the majority of financial resources generated from the issue would be earmarked for loan conversion. The remaining sum would support the financing of marketing projects aimed at upgrading the position of Parkiet. (Rzeczpospolita, p. B3) A.Z.