Consolidation at Softbank, ZUS contract and sale of FinFin

Softbank, a member of the Prokom Software group, has signed a zl. 21.7 million contract for servicing the ZUS computer system. According to analysts, Softbank may become the money spinner for Prokom as due to its zl. 130 million Internet investments in 2002, it does not have to pay income tax for the next few years. Under the contract Prokom will take over 32% of Softbank, and together with Zurich based Nihonswi fund (which has a 15% stake in Softbank), will jointly control Softbank. In related news Softbank announced on Friday that together with two private investors it sold its stake in FinFin Internet company to an unknown domestic entity for $250.000. FinFin supervises a network of "consultation points" of the Expander financial advisory company. (Reuters) J.K.