Polkomtel shareholders making slow progress over share sale

Krzysztof Kaczmarczyk, an analyst with Deutsche Bank said, "The statement released after the shareholders meeting only means that Polish shareholders have decided to jointly work on a statement concerning the future of Polkomtel". Orlen declared on the behalf of Polish shareholders of the telecom company that another agreement concerning the sale of the shares in Polish hands in the firm would be signed in November. The transaction would be carried out next year. "Before any agreement will be signed a lot of time might pass, as this operation requires lengthy preparations. They might also consider floating the shares," said Kaczmarczyk. (Puls Biznesu, pp. 1, 6) M.M.