Skip to content
Advertisement

Business

TV report: Treasury looking to gain control of Polkomtel

According to a report aired on private television station TVN, the Treasury is allegedly seeking to oust management head of fuel distributor and producer PKN Orlen Andrzej Modrzejewski in a bid to exert more control over Polkomtel, the GSM operator, in which PKN together with copper concern KGHM, coal producer Weglokoks, and state-owned PSE hold a 59% stake. Furthermore, unnamed sources say that Marian Krzeminski, KGHM's chief executive, could face a similar fate amid a management crisis in his company, which is said to be politically motivated. Sources suggest that if the Treasury were able to remove these executives, it would be in a position to take the reigns of control at Polkomtel. (Puls Biznesu, p.4)

More from Business All