In Brief: Ericsson; ATM Grupa; Lotos Parafiny; US PEG Corporation

The new boss plans to halt the trend of falling sales and concentrate the company's efforts on offering mobile technologies. (Puls Biznesu, p. 7) ... The rights to shares in TV program producer ATM Grupa , are set to debut on the Warsaw Stock Exchange on January 9. The company has sold 1.3 million shares for zł. 36 each in the public offer. (Puls Biznesu, p. 8) ... On Monday, the Czechowice and Jasło refineries jointly formed a company called Lotos Parafiny. This new merger between Czechowice based RCParafiny and Parafiny Jasło was a strategic step in forming Grupa Lotos which will now control the third largest paraffin wax producer in terms of size in Europe. (Parkiet, p. 5) Domestic subsidiary of the US PSEG Corporation has finalized the construction of a heat and power plant located in Southern Poland, called Elcho. The investment was worth $335 million and it took three years to complete. The general constructor was Foster Wheeler Energia Polska. PSEG covered 20% of the investment costs, while the remaining sum was financed through a loan granted by a consortium of 15 banks. (Parkiet, p. 3) A.K.