In brief: Brokers cleared; Undersea cable; Skanska; FSO privatization; Fuel up
The Securities and Stock Exchange Commission (KPWiG) has cleared two
brokerage houses, Szeptel and Krak-brokers to issue shares on the bourse.
(Rzeczpospolita, May 27-28, page B4) ... An under-sea cable to supply power
from Poland to Sweden and vice-versa should be operational within two weeks.
The cable to be administered by Swepol, partially owned by Vattenfall AB,
would supply excess energy from Sweden during peak hours and vice-versa in
times when Sweden requires more power. (Rzeczpospolita, May 27-28, page B2)
.... The CFO of Swedish builder Skanska, Anders Nyren has said that after
finalizing the deal to buy Exbud S.A., the company would not seek further
takeovers in Poland but would try other countries in the region such as
Czech Republic and Hungary. (Rzeczpospolita, May 27-28, page B4) ... The
Treasury Ministry will call a new tender for privatization advisor for ship
parts maker Fabryka Sprzetu Okretowego, after the last tender was nullified
due to irregularities. (Rzeczpospolita, page B2) ... Rafineria Gdanska is to
raise the wholesale price of unleaded gasoline by zl. 110 per tonne while
the price of other fuels would rise by zl. 100 per tonne. (Prawo i
Gospodarka, page 2) S.M.