News Parkiet

Petrochemicals

MOL shareholders must ID themselves

to collect dividends

Polish shareholders of Hungarian oil and gas company MOL Rt. will have to disclose their interest in the company in order to collect dividends once the stock begins trading on the WSE late next week. In addition, according to Hungarian regulations, investors who plan to participate in annual meetings and other corporate events must register in company's book of shareholders.

Telecommunications

France Telecom to add to its TP stake next year

France Telecom has made no decision on the possible replacement of the existing 'Idea' brand of its Polish mobile phone unit with Orange, its pan-European mobile brand. It says it will increase its stake in Telekomunikacja Polska, Poland's no. 1 phone company from 44 to more than 47.5 percent next January, buying a minor stake now owned by its local partner, Kulczyk Holding investment group.

Mining equipment

Kopex sale seen next month

Krajowa Spółka Cukrowa, a state-owned sugar refinery could sell its 65 percent stake in publicly traded Kopex SA mining equipment distributor as early as next month, sources close to the situation told PARKIET this week. In the meantime, Katowice-based Kopex plans to bid for several large contracts in Vietnam and on the Italian island of Sardinia.

Kopex along with newly acquired subsidiaries says its sales will double from last year's PLN 208 million ($66 million).

Food processing

Pernod Ricard may shut down Poznań plant

France's Pernod Ricard may be forced to shut down its Poznań distillery making Wyborowa vodka in ten years' time because of new zoning regulations. Cesair Giron, chief executive of Pernod Ricard's local unit says the group may move production to another Polish plant in Janikowo.