PBG Seeking to Break Energomontaz ‘Deadlock,’ Parkiet Reports

Poland’s PBG SA said its offer for shares held in Energomontaz-Poludnie SA has not been accepted and it will examine “various options for resolving this deadlock,” Parkiet said, citing spokesman Jacek Krzyzaniak.

Poland’s largest construction company by value is seeking to increase its stake in Energomontaz above 50 percent from its current 25, Krzyzaniak told Parkiet.

Investors Stanislaw and Renata Gasinowicz, who jointly own 25.67 percent of Energomontaz, are not going to sell their shares at the current market price and may buy more, the daily said, citing Stanislaw Gasinowicz.

To contact the reporter on this story: Monika Rozlal in Warsaw at mrozlal@bloomberg.net

To contact the editor responsible for this story: Willy Morris at wmorris@bloomberg.net

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