PHF now comes under political as well as financial pressure

According to the politicians, the holding was only established in order to improve the Democratic Left Alliance's (SLD) support in Łódź. The president of Polfa Warszawa (PW), Władysław Karaś, announced during a press conference which took place yesterday, that he is against the merger of the companies, as the poor results of Polfa Tarchomin significantly deteriorate the holding's overall results. According to Karaś, a much better idea would be for PW to debut on the Warsaw's bourse and the raised funds to be used to consolidate the market, making PW the main player. The conflict between PHF and PW continues, as PW claims that it brings around 70% of the holding's value but has no influence on its operations. (Puls Biznesu, p. 6) A.K.