TPSA likely to get good deal on consolidating ownership of Wirtualna Polska

TPSA is coming closer to an earlier purchase of the Wirtualna Polska Internet portal from Prokom Software. According to sources, both companies can renegotiate the transaction before the end of March, which would allow TPSA to take over Prokom's remaining stake in WP this year, three years earlier than originally planned. TPSA says it is also counting on a much favorable price. "The situation on the market has changed, so it is quite natural we want to renegotiate the deal to obtain better conditions. We are planning to sign contracts with other WP shareholders in the next few months, said TPSA's deputy chairman Bertrand Le Guern. TPSA's current stake in WP is 50% plus one share. Moreover the company has an option to purchase some WP shares while Prokom has an option to sell its stake which expires in 2006. The value of the transaction remains unknown. (Puls Biznesu, p. 11) J.K.