AwtoZAZ appears on the verge of acquiring Warsaw-FSO

Pekao and Kredyt Bank as yet remain undecided but, "We are interested in a sector investor entering Żerań," said KB's spokeswoman Izabela Mościcka. According to Parkiet, it is only a matter of time and price, as banks want to collect as much of their debts as possible. By purchasing the debts of the plant, ZAZ will take over the production assets and real estate, which guaranteed the loans. It remains unknown how many shares the Ukrainians will acquire, as the debts are worth zł.591 million, while the value of the company amounts to zł.1.15 billion. (Parkiet, p. 1) M.M.