Elektrim
Encyclopedia
Elektrim SA, a Polish public company
trading from 1992 on the Warsaw Stock Exchange
, is the result of the privatization of the former PHZ Elektrim. In the first period after privatization, Elektrim SA conducted very extensive and diversified activities through more than 140 associated companies (with businesses ranging from turbines to agricultural production), but this activity has been reorganized from the 1999 year.
Elektrim SA operates essentially as a holding company
. Its most valuable assets (Elektrim Telekomunikacja, Zespół Elektrowni Pątnów-Adamów-Konin) are separate entities (companies), to a significant extent, however, supported financially by the parent (by way of shareholder loan
s, guarantees, and safeguards provided for the assets of the parent, etc.).
Elektrim Group employs several thousand people (of which 48 persons are employed directly in Elektrim SA).
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
trading from 1992 on the Warsaw Stock Exchange
Warsaw Stock Exchange
The Warsaw Stock Exchange , , is a stock exchange located in Warsaw, Poland. It has a capitalization of € 220 bln .The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges.-History:...
, is the result of the privatization of the former PHZ Elektrim. In the first period after privatization, Elektrim SA conducted very extensive and diversified activities through more than 140 associated companies (with businesses ranging from turbines to agricultural production), but this activity has been reorganized from the 1999 year.
Elektrim SA operates essentially as a holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
. Its most valuable assets (Elektrim Telekomunikacja, Zespół Elektrowni Pątnów-Adamów-Konin) are separate entities (companies), to a significant extent, however, supported financially by the parent (by way of shareholder loan
Shareholder loan
Shareholder loan is a debt-like form of financing provided by shareholders. Usually, it is the most junior debt in the company's debt portfolio, and since this loan belongs to shareholders it should be treated as equity. Maturity of shareholder loans is long with low or deferred interest payments...
s, guarantees, and safeguards provided for the assets of the parent, etc.).
Elektrim Group employs several thousand people (of which 48 persons are employed directly in Elektrim SA).