PGE sells Exatel to the Treasury

WSE-listed, state-controlled power utility PGE signed the deal to sell its telecom unit Exatel to the state Treasury for PLN 368.5 million, the company said in a market filing. Earlier, this month, PGE said that it hopes to sell Exatel by the end of Q2 this year. In May, last year, PGE and state-owned arms producer Polska Grupa Zbrojeniowa (PGZ) signed the letter of intent concerning potential Exatel transaction.