In Brief: Bank Wschodni plans issue; VW withdraws; Losses of Okocim
Shareholders of Bank Wschodni decided to issue shares for zl.40 million to
zl.50 million yesterday. Most will be bought by a foreign investor,
acquiring over 50% of votes at shareholders' meetings. Owned thus far by
Solaris group, Bank Wschodni recorded net profits of zl.433,800 last year.
(Rzeczpospolita, p.B4)... Volkswagen Commercial Vehicles has withdrawn from
plans to buy rights to produce the LD 100 van, announced Daewoo Motor Polska
(DMP). It also revealed that DMP has begun negotiations with a consortium of
Polish entrepreneurs. (Gazeta Wyborcza, p.27)... Major beer producer Okocim
recorded a loss of zl.30 million last year, resulting from a 12% drop in
sales and high staff-reduction costs. (Parkiet, p.4). M.K. .