In brief: Airbus; Polpharma expands; Fleury Michon; army modernization
Major European airplane producer Airbus says it will seek to win a contract
with national carrier LOT Polish Airlines for delivery of 43 planes. LOT has
said it needs to modernize and expand its fleet in the next 20 years.
(Gazeta Wyborcza, p.22; Rzeczpospolita, p.B4) ... Drug producer Polpharma
will buy stakes in four companies operating in Slaska Special Economic Zone
(SSE) from Spectra Management. It says it would also like to take over
herbal producer Herbapol Lublin (Puls Biznesu, p.7) ... French food producer
group Fleury Michon has sold its Polish subsidiary to Swiss Hiestand for
over euro 8 million. The company's local unit owns 49 retail shops and one
bread production facility. (Rzeczpospolita, p.B4) ... Poland's Defense
Ministry will increase spending on modernizing the army from 11% to as much
as 25% of its budget. This year it wants to earmark roughly zł.2.5 billion
for this aim, but the figure could increase by zł.237 million due to the
sale of army-owned radio frequencies. (Puls Biznesu, p.4) J.K.
