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Agora Gets Closer to Polsat
(Polish News Bulletin Via Thomson Dialog NewsEdge) Market analysts are speculating about a possible future operating partnership of the Agora and Polsat media groups. Although the suggestions are still being whispered rather than trumpeted, the fact remains that both companies have made the first step in such a direction by co-operating in the promotion of the new TV series, entitled 'Ekipa' (Crew). Before the first two episodes are aired on Polsat's waves, they will be published on DVD and sold with the Gazeta Wyborcza daily. "This co-operation is interesting," says DI BRE Bank's analyst Michal Marczak, "because Axel Springer is supposed to be becoming a co-owner of Polsat (with a 25-percent stake), which would make it more reasonable to sell the DVD with Fakt or Dziennik. It is possible that Polsat's talks with Axel will be broken off. A merger of Agora and Polsat would be perfect for both parties." The third party in the Ekipa project is ATM Grupa, the series' producer. - PGNiG in Negotiations
Chemical companies ZCh Police and ZA Pulawy are negotiating with PGNiG about their future trading partnership. They would like to introduce long-term contracts which would protect them against gas price fluctuations. PGNiG has submitted a motion to the Energy Regulatory Office asking for gas price raises at least once a year. The frequency depends on the price of imported gas, which accounts for the company's biggest sales. Since 1 July the national gas market has been freed up and chemical companies are searching for cheaper solutions. ZA Pulawy has already announced that it planned to produce gas from hard coal through co-operation with Bogdanka coal mine, which could satisfy half of Pulawy's demand. Both PGNiG and the chemical companies expect stabilization in their mutual contacts. In the past substantial increases in gas prices led to huge debts for chemical companies. Now, however, all of them are stock-listed so they have to minimize risk. \nc 04000000
Copyright 2007 Polish News Bulletin Company, Source: The Financial Times Limited
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