Solorz-Żak's acquisition of shares in PAK questioned

Parkiet has leant that following this transaction Elektrim is left with only 3% of shares in the power plant group. According to the privatization agreement, Elektrim was obliged to maintain the shares until all investments were finished and then needed the final consent for the sale of the shares from the Treasury Ministry. The privatization agreement however, does not discuss the issue of transferring the shares to its subsidiaries, which seems to be case. According to unofficial information, the State Treasury has already begun legal proceedings against Elektrim in Arbitration Court of the Polish Chamber of Commerce. However, none of the parties are willing to comment on the situation. (Parkiet, p. 1) A.K..