In Brief: EFL buys TU Europa; Grupa Lotos; LOT; Gdynia Shipyard; Wilbo

Leszek Czarnecki will buy a 49.99% stake, valued at zł. 68.75 million, in listed insurance company TU Europa, from EFL Service, a subsidiary of leasing company EFL. He will also acquire 25% of the shares in life insurance company TUnŻ Europa for zł. 8.5 million, directly from EFL. (Parkiet, June 7-9, p. 2) ... Grupa Lotos, (formerly the Gdańsk Refinery), has applied to the State Treasury for permission to conduct due diligence on oil exploration company Petrobaltic. (Parkiet, June 7-9, p. 3) ... On Friday, LOT's supervisory board interviewed all 23 candidates who applied for the post of company president. A shortlist of five names has been drawn up, and the new CEO should be soon chosen. (Parkiet, June 7-9, p. 3) ... On Friday, the Office for the Protection of Competition and Consumers and the Industrial Development Agency, approved the restructuring plan for Gdynia Shipyard, according to which it would receive zł. 360 million in financial aid and zł. 800 million in bank loan guarantees. (Parkiet, June 7-9, p. 6) ... The general shareholders meeting of fish processing company Wilbo, scheduled for June 27, will decide on how to cover the 2002 zł. 5.3 million loss, most probably with the help of the zł. 4.4 million profits produced by Dal Pesca, which it recently acquired. (Parkiet, June 7-9, p. 4) M.M.