Radio Plus to sign an agreement with Dresdner Kleinwort Capital

Archbishop Franciszek Macharski, on behalf of Radio Plus, today will sign an official agreement with its new strategic investor Dresdner Kleinwort Capital, an investment fund of Dresdner Bank. As a result the fund "Will become a strategic investor and a new partner for the radio station, creating the Program Agreement Plus". The details of the agreement have not yet been revealed, however according to Gazeta Wyborcza, the Conference of the Episcopate will remain the majority shareholder in Plus. The fund will be a majority shareholder in the Puls advertising agency, which sells advertising time on Radio Plus. Prokom Investments and two foreign companies High-Tech & Media Investments from the British Virgin Islands and Middle Europe Media Investments from Liechtenstein, will remain as shareholders in the advertising agency. According to Father Kazimierz Sowa president of Plus, further changes are still possible in the ownership structure of the radio station. (Gazeta Wyborcza, p. 31) P.W.