In Brief 2: PAK finance problems; PHS delays; LM to help drug sector

The Pątnów-Adamów-Konin (PAK) group of energy plants have run out of funds to continue constructing a second power block worth EUR 377 million. The future of the plant will be solved by the creditors in the coming weeks. (Puls Biznesu, p. 5) ... The scandal connected with the attempt of Maciej D. to buy debts of the POLISH STEEL MILLS (PHS), with alleged help from a potential investor, a case now being investigated by the Warsaw's Prosecutor of Appeal, might seriously delay the privatization of the conglomerate. (Puls Biznesu, p. 6) ... LOCKHEED MARTIN (LM), announced plans to support the pharmaceutical industry as part of the offset deal. They will subsidize the restructuring process of pharmaceutical producer Bioton and Wasaw-based Antibiotics Institute and help them produce new drugs. Apparently LM will not charge for transferring license and technology rights for production of new medicine to Polpharma, and will guarantee promotional campaigns for these products on foreign markets. (Puls Biznesu, p. 6) A.K.