BGŻ Leasing attracts three investors

Three investors, comprising Europejski Fundusz Hipoteczny and two unnamed foreign companies, have expressed interest in the purchase of the BGŻ controlled BGŻ Leasing company. According to the bank, the deal is to be finalized within the next three weeks. The successful conclusion of the transaction will end the several- month- long process of seeking investors, who unlike its owner BGŻ, would have a plan to develop the company. It is uncertain whether BGŻ wishes to remain financially involved in the enterprise, or dispose of its stake completely. "We are still discussing this issue," said the bank's spokesperson Anna Pawłowska. BGŻ Leasing has been present on the Polish market since 1997, but despite its strong financial base, it has been unable to make progress in the market. The total net value of goods leased by the company in 2002, was zł. 20 million, making it one of the weakest domestic sector players. (Puls Biznesu, p. 9) J.K.