In Brief: Brandt public bid; Eureko bad for PZU; AIG takes 100% of CLA
French white-goods manufacturer Brandt has announced a public bid for the
shares of Polar, in which it already holds an 89% stake, priced at zl. 25.4
per share. Brandt is aiming to achieve a 100% stake in Polar and de-list it
from the Warsaw bourse. (Prawo i Gospodarka, page 11) ... The Adam Smith
economic research center has criticized the idea of selling a controlling
stake in insurer Powszechny Zaklad Ubezpieczen (PZU) to the Eureko
consortium, as it would give Eureko and its parent company, Banco Comercial
Portugues (BCP) a monopoly in the Polish financial-services market.
(Rzeczpospolita, page B2) ... AIG subsidiary AIG Consumer Finance Group has
acquired a 20% stake in Wroclaw-based financial intermediary CLA and now
owns 100% of the company. (Rzeczpospolita, page B5) T.J.
