In Brief: Bank Handlowy profit forecast; Odfjell, SSN; Softbank, Prokom
"This year our net profit will be decidedly better than last year," said
Cezary Stypulkowski, CEO of Bank Handlowy, the Polish division of Citigroup
on the sidelines of a banking conference. It was not immediately clear
whether he was referring to group or unconsolidated profits. Handlowy's
group net was zl. 194 million last year, and its parent net was zl. 185
million. Citigroup owns over 90% of Handlowy. (Reuters) ... Norwegian
Odfjell renewed co-operation with the New Szczecin Shipyard (SSN) after
withdrawing from contracts worth $440 million in August when the shipyard
announced bankruptcy. "On Tuesday we will sign a deal with Odfjell
concerning delivery of chemical cargo carriers," announced Grazyna Zabrocka,
deputy head of SSN. (Puls Biznesu, p. 9) ... Today will almost certainly see
the announcement of the acquisition of a 33% stake in Softbank by
Gdynia-based systems integrator Prokom. "The negotiations are complete and
the price is set. Now all that is left is the signatures on the agreement,"
said a source close to the negotiations. (Puls Biznesu, p. 10) A.K.