Elektrim pulling back on debts but creditors still complain

"From now on August can be called the month of Elektrim-like miracles," said Aleksander Kobecki, advisor to French Vivendi.

Creditors demanded a total of zł.42.284 billion, but Józef Syska, company's court supervisor, refused to acknowledge zł.41.97 billion. "The list [of creditors] is already ready, but the end of proceedings is far away. Now I expect plenty of complaints to be sent to the judge," said Zygmunt Solorz-Żak, who controls Elektrim.

He added that the firm would be re-listed on the bourse after concluding the proceedings. In line with his expectations, the most serious creditors are preparing complaints, including Vivendi, bond holders of Elektrim, the State Treasury and T-Mobile.

Sources: Puls Biznesu, Parkiet, Rzeczpospolita

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