Treasury Aims to Cancel PZU Privatisation. Check it out:
(Polish News Bulletin Via Thomson Dialog NewsEdge) Treasury Minister Wojciech Jasinski is to contact the Public Prosecutor's Office in order to acquire documents which might prove helpful in the cancellation of the PZU privatisation deal concluded with Eureko. In the opinion of the representatives of the Dutch company, such a move would be illegal. According to Rzeczpospolita, Jasinski has already begun preparing to file a motion to cancel the agreement. Reportedly the treasury minister applied to the justice ministry for an evaluation conducted by consulting company BDO, which proved that a conflict of interests existed between Eureko and the ABN Amro bank. Moreover, its authors suggested that the data present in the documents filed by the Dutch enterprise was not in line with the actual state of affairs. Meanwhile, Eureko Polska CEO Pawel Nastula stressed that there are no legal grounds for the cancellation of the agreement. He said that the company is demanding that the contract be carried out. - New Player on Gas Market
The news that Ryszard Krauze's Prokom Investment bought shares in four Kazakh firms, controlling oil deposits and licences for oil extraction, was a market highlight a few weeks ago. Experts indicate that Prokom may be interested in gas also. The likelihood of this interest is strengthened by actions undertaken by Pol-Aqua, a company whose 23-percent stake was acquired by Prokom Investments in June this year. The firm is currently looking for customers for the gas. "We are talking to potential clients. We want to send gas to heat and power stations and industrial firms," said Ireneusz Misiolek, Pol-Aqua's board member. But before you can sell gas, you must buy it first. The resource could either be bought from PGNiG or from abroad. It is a fact that Pol-Aqua will be one of the companies building oil extraction installations for Prokom in Kazakhstan. Will it also transfer gas from Kazakhstan? "We are making attempts to buy gas abroad," answered Misiolek enigmatically.
Copyright 2006 Polish News Bulletin of the British and American Embassies. Source : Financial Times Information Limited.
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