In brief: Daewoo-FSO denies; FTKH loophole; Euroroad; Handlobank

Daewoo-FSO has officially denied reports it will lay off 2,600 Zeran FSO employees. Under an agreement between the government and Daewoo, this would require the approval of the Treasury Ministry.(Prawo i Gospodarka, pp.1,4,5)...France Telecom Kulczyk Holding (FTKH), through a loophole in its contract, has the right to buy an additional 16% of Telekomunikacja Polska SA (TP SA), paying not less than zl. 40 per share. It is not clear, however, whether the purchase is optional or compulsory.(Rzeczpospolita, pp. A1, B2)... Warsaw transport company Euroad is looking for a financial investor for zl. 92 million development of its car fleet and sales program. Currently, 98% of the firm belongs to American Kosciuszko Inc. investment fund, and 2% is in the hands of Wieslaw Bysiek (Puls Biznesu, p.7)...Beginning in 2001, Handlobank, the retail branch of Bank Handlowy, will no longer operate under its 2 year-old logo, but. instead its clients will be automatically taken over by Citibank.(Puls Biznesu, p 9)