In Brief: Citigroup; PZU sale; STOEN privatization; Super 1; Kuchnia debut
The Banking Supervisory Commission (KNB) has cleared Citigroup to acquire
66% of shares in Bank Handlowy. (Prawo i Gospodarka, page 1)
... Treasury Minister Emil Wasacz says the tender for a 25% stake in insurer Powszechny
Zaklady Ubezpieczen (PZU) is likely to be called in the first quarter of
2001. (Prawo i Gospodarka, page 1)
... The Treasury Ministry has invited
bids for adviser in the privatization of Warsaw's electricity distributor
Stoleczny Zaklad Energetyczny (STOEN). Interested parties should submit
their bids by Jun. 26. (Prawo i Gospodarka, page 3)
...The satellite
television channel Super 1 currently conducting trial broadcasts to Poland,
has acquired an American investment fund as a partner. The company hopes to
use the money from the American investor for a new channel. (Puls Biznesu,
page 9)
... Shareholders of the Poznan-based investment fund Kuchnia Polska
Dom Inwestycyjny, active in investing in the food sector, are contemplating
a debut on either the Warsaw or London bourse. (Puls Biznesu, page 8) S.M.
