In Brief: Citibank sells Dom; PKE approved; Citroen bank; Pekao in Lithuania

The Polish unit of Citigroup has agreed to sell its 50% stake in pension fund PTE Dom to insurer Warta, which owns the other half of the fund. Citibank needs to get rid of the stake because it is taking over Bank Handlowy, which owns shares in another pension fund, PKO/Handlowy PTE and the law forbids companies to hold significant stakes in more than one fund. (Reuters) ... The Cabinet Economic Committee (KERM) agreed yesterday to a merger of seven power plants in southern Poland, creating the Southern Energy Company (PKE). The new consortium will be a leading power producer in the country, with a 17% market share. (Reuters) ... French automotive company Citroen is considering creating, together with bank PKO BP or leasing company Europejski Fundusz Leasingowy S.A. (EFL), an institution which would help finance purchases of Citroen cars. (Puls Biznesu, page 4) ... The consortium of Bank Pekao S.A. and its strategic investor UniCredito Italiano, is negotiating the acquisition of a 76% stake in the third largest financial institution in Lithuania, LZUB bank. (Gazeta Wyborcza, page 22) T.J.