Polkomtel's majority stake looks set to go on sale soon

The National Power Grid (PSE) has confirmed the statement issued by PKN Orlen's deputy president, Sławomir Golonka, that the majority stake in Polkomtel, the Plus GSM mobile phone operator, may well be sold in Q4 this year. The sale refers to the 60% shares owned by Orlen, KGHM and PSE. However, the date of the transaction depends on the type of sale that would be implemented. Should the stake be sold directly to an investor then the date is workable, said Regina Wegnerowska, a PSE spokesperson, although there is also a possibility that the shares will be transferred to a company specially created for the execution of the deal, which would prolong the process. The final decision on the type of sale, though, will itself depend on the choice of financial adviser, which should be made during the next meeting of the Polkomtel's steering committee. (Parkiet p. 3) M.G.