Arms exporter Cenzin is to acquire 75% of shares in the newly created
Fabryka Broni Lucznik in exchange for the zl. 1.5 million it injected in
the moribund rifle maker Lucznik of Radom. The remaining shares would be
held by state-owned Industrial Development Agency (ARP).(Prawo
Gospodarka, p.4)... German sugar concern Suedzucker disclosed plans to
take over 80% of stakes in the financially-troubled Strzyzow sugar mill,
an acquisition subject, however, to approval by the Interior Ministry.
(Prawo i Gospodarka, p. 4)... The city of Krakow is to issue
euro-municipal bonds worth DM 16 million to raise revenue to roll-over
the two-year eurobonds slated for issuance in November. A consortium
including CAIB and Landesbank Polska is organizing the municipal bond
issue. (Prawo i Gospdarka, pp. 9,12)... United Entertainment Co., which
administers the Atomic World network of amusement centers, has earmarked
over $90 million to build more centers in the near future. Meanwhile it
is talking with prospective investors willing to join the holding. (Puls
Biznesu, p. 3)... Pay-TV operator HBO Polska has allocated zl. 5.6
million for the promotion of Polish movie productions in 2000. The
figure is far less than those of its competitors Telewizja Polska and
Canal+, who have pledged zl 50 million and zl. 25 million respectively.
(Puls Biznesu, page 14). SM
