In Brief: Elektrim pres. to stay; Ford and Daewoo; threat to furniture sector
Telecom-and-energy conglomerate Elektrim has denied rumors president Barbara
Lundberg will step down if today's shareholders' meeting does not approve
the planned new-share issue. It is rumored foreign investment funds, which
should have the deciding voice at the meeting, will approve the share-issue
plans. (Parkiet, page 1) ... Ford Motor Company has been granted exclusive
rights to negotiate the takeover of South-Korean automotive giant Daewoo,
including its Polish subsidiary Daewoo-FSO Zeran. (Gazeta Wyborcza, page 24)
... The National Chamber of Furniture Manufacturers (OIGPM) is warning that
the furniture sector, which employs 120,000 people, is threatened because of
the duopolistic position of two plywood manufacturers, Pfleiderer and Krono,
both of which are owned by foreign strategic investors, and together control
90% of the market. (Puls Biznesu, page 6) T.J.
