WARSAW, Poland-KGHM Polska Miedz, Poland’s copper and silver concern, and Polski Koncern Naftowy, the country’s oil group, raised their stakes in the country’s mobile phone firm Polkomtel, according to a Reuters report.
Both firms exercised their first refusal rights, as major shareholders, over part of a 5.5-percent stake offered by steel trader Stalexport to Vodafone AirTouch for $145 million, the report said. The companies each paid $6.24 million for the shares they bought from Stalexport, increasing their stakes to 19.48 percent each from 19.25 percent each.
In addition, Polish Power Grid increased its stake to 16 percent in Polkomtel by buying 4.5 percent of Stalexport’s stake for $118.6 million.
