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In Brief: Citibank; Kredyt Bank; WSE lowers charges; Prosper; Act petitioned

Citibank has applied to the Bank Supervisory Commission (KNB) for permission to exceed 75% voting rights in Bank Handlowy. (Rzeczpospolita, Sept. 2-3, page B4) ... Kredyt Bank has plans to capitalize Zachodnioukrainski Bank (ZKB) of Ukraine, in which it holds 60% of the shares. The exercise would be carried out jointly with the European Bank for Reconstruction Development (EBRD) which holds 20% of shares in ZKB. (Rzeczpospolita, Sept. 2-3, page B4) ... The Warsaw Stock Exchange (WSE) has decided to lower the charge by about 50% for the dissemination of trading information. The subscription for access to the online service containing trading information will be zl. 8 per month .The WSE also hopes to make the sale of information a substantial source of its earnings. (Rzeczpospolita, Sept. 2-3, page B4). ... Pharmaceutical distributor Prosper has received clearance from the Treasury Ministry to takeover 51% of shares in Krakow-based Cefarm. The remaining shares would be retained by the Treasury. (Puls Biznesu, page 19) ... President Aleksander Kwasniewski has sent the recently enacted Urban Planning Act, requiring local government councilors to grant permits for the building of retail centers, to the Constitution Tribunal. (Rzeczpospolita, Sept. 2-3, page 1)

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