Bell withdraws offer to purchase shares in plane and helicopter maker
American aircraft producer Bell has withdrawn its offer to buy shares in
Polish plane and helicopter manufacturer PZL Swidnik, citing as the main
reason the lack of any guaranteed orders for Swidnik helicopters from the
Polish government. According to Bell sources, buying a stake in the Polish
company under these circumstances would entail too much risk. However, they
did not rule out returning to the negotiating table if the government
guaranteed the purchase of helicopters. According to Swidnik spokesman Jan
Mazur, " We are counting on quick privatization, but if it is delayed we can
wait." Last year the Polish company received a capital injection worth over
zl.120 million in the form of shares in the state-controlled copper and
silver mining group KGHM. In related news, Italian-American concern LMATTS,
which in March was eliminated from the tender for transport planes for the
Polish army because it had failed to secure the requisite certification, has
been invited to resubmit its bid. The main competition is coming from
Spanish aircraft producer CASA. (Prawo I Gospodarka, p.4; Rzeczpospolita,
p.B1) J.K.