In brief: DB lowers Optimus and Elektrim ratings; BASF in fertilizer bids
Analysts at Deutsche Bank have lowered the rating for computer company
Optimus to "worse than market," attributing the firm's failure to find a
strategic investor for its Onet.pl portal. Deutsche Bank also lowered its
rating for telecommunications and power group Elektrim from "strong buy"
to "market perform." (Puls Biznesu, p.6; Reuters)... The Treasury Ministry
blocked yet another shareholders' meeting of insurer Powszechny Zaklad
Ubezpieczen (PZU), prompting its junior shareholder, pan-European insurer
Eureko, to suspect the Treasury was making plans to question the
privatization of PZU. (Puls Biznesu, p.6)... Chemical giant BASF of
Germany has disclosed it is contemplating bidding for four fertilizer
producing plants in Poland. "We will neither take over an entire company
nor begin production from scratch," said BASF Polska president Herbert
Frankenstein. (Rzeczpospolita, p.7)... Poland's largest retail bank PKO BP
S.A. has filed a motion to convene an emergency shareholders' meeting of
apparel producer Wolczanka, in which PKO holds 20% stake, to select a new
supervisory board on Dec. 14. (Parkiet, p.5)... Construction group
Budimex has transferred real-estate holdings worth zl. 130 million to
Unibud Development, the group's real-estate development arm. (Parkiet,
p.3).