In Brief: Daewoo buy, Softbank IPO, Petrochemia Plock, LOT

Polish banking software producer Softbank SA postponed its initial public offering, priced at zl. 28-zl. 36 a share, citing the market's poor performance. The firm did not set a new subscription period. (Reuters) ... Fuel producer Petrochemia Plock will spend zl. 1.8 billion on investments in 1998. The company plans two new installations, for isometrization and reforming IV. Regarding its privatization, "the Treasury Ministry will choose a privatization adviser by the end of February," said Deputy Minister Janusz Michalski, for privatization this year. (Rzeczpospolita, page 9) ... British monthly Business Travel World named Polish Airlines (PLL LOT) the best Eastern and Central European airline. (Prawo i Gospodarka, page 1)