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RMF and ComArch deny selling stake in interia.pl portal

One of Poland's largest radio stations RMF is rumored to be about to sell 50% of its shares in the internet portal Interia.pl for about $8 million. However, deputy president of ComArch (RMF's partner in Interia) Rafal Chwast says, "It is nonsense, as nothing like this is taking place." RMF and Comarch are having talks regarding finding a strategic investor. Initially, the portal was to be listed on the Warsaw Stock Exchange (WSE), but the management board of WSE was taking too long to make a decision about allowing Interia.pl onto the floor, so both companies decided to allow a third investor in the portal. "Only when it comes true, we will be able to say how much we will spend on investment this year. This depends on the decision of the third investor," said Chwast. (Prawo i Gospodarka, July 15-16, page 3) M.M.

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