Commission considering several candidates for rescuing Daewoo TU

Daewoo TU, recently finding itself in dire financial straits, may yet be saved, with four parties expressing an interest in buying the ailing insurance company. The leading candidates are rumored to be a Polish bank in consortium with the European Bank for Reconstruction and Development (EBRD) and a foreign insurer. Also being considered by the commission in temporary charge of Daewoo TU's affairs is a Polish financial consortium comprising Kredyt Bank, Bud-Bank, Weglokoks, Weglozbyt, Kopex, and Poludniowy Koncern Energetyczny. However, the formation of the consortium has yet to be finalized, and even if it is created it may lack the capital needed to save Daewoo TU. As a final resort, Daewoo TU may be sold to Poland's largest insurer, PZU. According to Grzegorz Dworak, head of the temporary commission, Daewoo TU is currently being evaluated. Once the audit is completed, talks can start with potential buyers. (Puls Biznesu, p.1) J.K.