In Brief: Citigroup gets permit; Breweries improve; From shoes to Internet
Citigroup has received permission from the Securities and Exchange
Commission (KPWiG) and the Banking Supervisory Commission (KNB) to hold more
than 50% of votes in Bank Handlowy. Citigroup filed for permission to hold
up to 75% of votes, but central bank regulators want to protect Handlowy's
minority shareholders and the bank's Polish identity. (Reuters) ... Polish
breweries sold almost 6.4 million hectoliters of beer in the first four
months of this year, over 6% more than in 1999. (Puls Biznesu, page 8) ...
Stock exchange-listed shoe manufacturer Ariel is changing its name to
Internet Group, and, quite appropriately, changing its sphere of activities
to telecom services. (Parkiet, page 3) T.J.