Telecommunications
France Telecom buys 13.6 pct.
of Telekomunikacja Polska
Kulczyk Holding investment group, a private company controlled by Poland's no. 1 businessman, Jan Kulczyk, sold its 13.6 percent stake in Telekomunikacja Polska phone company to France Telecom on Tuesday for an estimated 2.2 billion euros. The French operator has raised its stake in TP to 47.5 percent. It paid over 50 zloty per share for 190 million shares of Telekomunikacja. That compares with yesterday's closing price on the WSE of 15.05 zloty.
Equity market
WSE awaits earnings season
Polish equity analysts expect strong second quarter results once the earnings season begins in earnest sometime next week. Brokers surveyed by PARKIET say oil and resource stocks, led by PKN Orlen and KGHM Polish Copper, are on track to post what may be their best ever...