Agreement transfers to Bank Pekao zl.160 million debts owing to Mitex

Bank Pekao SA has agreed to take over zl.160 million of receivables due to Kielce-based construction company Mitex. The agreement with Pekao, which was announced by Mitex in a statement yesterday, relates to debts payable during the period November 22, 2001 to October 31, 2002. Part of the zl.160 million is due to be paid by the local government for construction work carried out by Mitex. Currently Mitex is involved in a major restructuring program. Last week the local court in Kielce registered the merger between Poznan company Caloring and War of Warsaw. Both companies are 100% owned by Mitex. (Prawo i Gospodarka, p. 11) M.T.