In Brief: Daewoo-FSO deadline; Tonsil postponement; TPSA & TP Invest

Daewoo-FSO has asked its creditors, a consortium of Polish banks, to extend the deadline for repayment of its zl.591 million debt. The deadline passes on December 15. Representatives of the Daewoo-FSO trade unions blame the company's frail condition on the Economy Ministry, accusing it of failing to come up with a rescue plan. (Prawo i Gospodarka, p. 1; Rzeczpospolita, p. B3) ... Audio equipment producer Tonsil has again postponed its new issue of 11.7 million shares. Although the company's fate relies heavily on the revenues raised, Tonsil has been forced to delay the sale in order to finalize talks with its creditor banks. (Gazeta Wyborcza, p. 27) ... TP Invest, a subsidiary of TPSA, is to begin venture capital operations. TPSA has already given its go-ahead for the plan to finance the operation. (Puls Biznesu, p. 3) M.T.K.