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)