WARSAW, Sept 5 Shareholders in Poland's
state-controlled power group PGE voted on Monday to
raise the company's capital by 467 million zlotys ($119.72
million), less than an original plan for an increase of 5.6
billion zlotys or 30 percent.
PGE, which is Poland's biggest power producer, said in July
that the state treasury had asked it to use its spare capital or
profits made in past years to raise its share capital.
At Monday's shareholders meeting the state treasury proposed
the smaller capital increase, without giving a reason.
The treasury's plan is expected to require the company to
pay a flat-rate income tax, which some analysts have estimated
at around 1 billion zlotys.
($1 = 3.9007 zlotys)
(Reporting by Agnieszka Barteczko. Editing by Jane Merriman)