Vivendi, Eastbridge and Acciona control Elektrim board

French Vivendi Universal, together with Dutch Eastbridge and Spanish Acciona, have taken full control of Elektrim's supervisory board. The three are now teaming up to gain full power over the Warsaw firm on March 28. If successful, Vivendi will try to take over Elektrim's telecom assets or sell its telecom shares at immense profit. The money raised in the sale will be used to pay Elektrim's debts and finance current investments. The group will probably sell 2% of Elektrim's stake in Elektrim Telekomunikacja (ET) and possibly 50% in Carcom conglomerate. Both ET and Carcom are also partially controlled by Vivendi, and have stakes in Polska Telefonia Cyfrowa (PTC), which after the deal would fall under Vivendi's control. Elektrim's board of directors will be dismissed on Wednesday. The new head of the company will be Eastbridge-associated Maciej Dyjas, currently chairman of department store chain Domy Towarowe Centrum and a member of the board of directors of Empik Investments. Eastbridge is interested in taking over Elektrim's stake in the Polish energy sector, whereas Acciona would like to sell its Elektrim convertible bonds to Vivendi, or become the owner of Warsaw's Port Praski. (Rzeczpospolita, March 24-25,p.B3; Rzeczpospolita,p.B3; Gazeta Wyborcza, March 24-25,p.27) J.K.