News Parkiet

Telecommunications

Novator makes

a bid for Netia

Icelandic investment group Novator made a bid for the 13 percent stake in Netia SA just days after announcing it owns 9.99 percent of its Polish partner. Novator said it would offer 6.15 zloty, a 7.9 percent premium over the stock?s closing price last Friday. If the takeover bid is successful, Novator will become the biggest shareholder of Poland?s second largest local phone company.

Conglomerates

Court postpones Elektrim bankruptcy hearing

Warsaw court said it needs an independent valuation of the assets controlled by Elektrim power and telecoms group before it rules on another bankruptcy motion against the company, this time filed by its bondholders. The auditor, yet to be appointed by the company, will get a 500 000 zloty advance payment for the job, Elektrim said.

Banking

BOŚ to claim offering

fees from shareholder, CEO says

Chief executive of Bank Ochrony Środowiska, a mid-sized lender listed on the WSE, said it would seek damages from a key shareholder, state-owned ecological fund NFOŚiGW if the fund doesn?t buy new shares in the upcoming secondary offering. Sergiusz Najar says his bank has to pay an upfront fee equal to 0.5 percent of the 350 million zloty offering even if NFOŚiGW doesn?t buy the stock.

Information technology

Prokom awarded another ZUS contract

Poland?s biggest computer company, Gdynia-based Prokom Software said over the weekend it has won yet another outsourcing contract to manage IT system of the country?s ZUS social security administration. Prokom said it would receive as much as 138.2 million zloty, or 42 million dollars over a twenty-one month period to October 2007.