BGZ to take Softbank's place in takeover of Wonlok

Bank Gospodarki Zywnosciowej (BGZ) plans to take over computer integrator Wonlok. The value of the transaction is not yet known. If the deal goes through, Wonlok's rival, Softbank, will lose the opportunity to provide computer systems for other cooperative banks, and lose an estimated zl. 200 million - zl. 300 million. Initially, Softbank wanted to cooperate with BGZ to provide computer systems for various cooperative banks. Softbank also tried to acquire Wonlok in the past but the presidents of both companies could not reach an agreement. Wonlok believes it will have greater freedom under BGZ though it will still allow BGZ to take over its 250 workers and computer system. (Puls Biznesu, page 9) M.M.