Still waiting to be connected, no move in G-8 bid

Despite previous reports that the Treasury Ministry would grant one of the bidders vying for the G-8 energy distribution group exclusive negotiation rights early this week, the decision still has not been made. Two potential investors for the 25% stake are in the running - Germany's E.ON, whose advantage is energy sector know-how, and Polish El-Dystrybucja controlled by Jan Kulczyk, which is offering a higher price. E.ON was considered the favorite, as Treasury Minister Wieslaw Kaczmarek said that he would prefer to sell the 25% stake in the G-8 conglomerate grouping energy suppliers from Northern and Central Poland, to an energy sector investor. However, E l-Dystrybucja is reportedly willing to pay significantly more than E.ON, which is unofficially said to have valued a 100% stake in G-8 at euro 1.7 billion. (Puls Biznesu, p.10) T.J.