In Brief: BGZ out of Hortex; Okocim up; HTS profit; Citibank gets dividends

Bank Gospodarki Zywnosciowej (BGZ), the largest shareholder of fruit and vegetable processing company Hortex, wants to withdraw from the company, by redeeming its 30% of shares to Bank Handlowy and obtaining in return Hortex liabilities. (Gazeta Wyborcza, page 25) ... Okocim brewery managed to end its slump and is now experiencing a turnaround, as it had sold more beer in August, 185,000 hectoliters, than in the respective month last year. Meanwhile, sales for January-April 2000 were 19% lower than for the same period a year earlier. (Puls Biznesu, page 4) ... The HTS steel mill recorded a net profit of zl. 94.3 million after seven months of 2000 on zl. 1.76 billion in revenues. (Puls Biznesu, page 6) ... Citibank received zl. 154.8 million in dividends from Bank Handlowy in which it has a majority stake, while the Treasury Ministry will get zl. 9.6 million (Puls Biznesu, page 7)