Polsat develops restructuring plans, $200 million investment set this year

Zygmunt Solorz, owner of Polsat group, the largest private television network in Poland, has announced continuing development of the holding’s restructuring, with its financial services companies such as Polisa Zycie, Invest-Bank and Polsat pension fund being separated from the media side of the business. Solorz wants to spent $200 million on development of the holding this year. A decision will be made, but probably not earlier than September 2001, whether to link the companies with partners from the same sector, sell some shares to financial investors, or put the holding on the stock market. The decision will depend on the attractiveness of the offers submitted. Part of the project is to be financed from external cash, which is the major change in company's policy so far. Polsat wants to spend zl.100 million on development of its digital platform, which is intended to help it gain 200,000 new customers for the service. (Puls Biznesu, p.6) A.D.