In Brief: Eureko is not for PZU; PKN Orlen capital offer; Tonsil share issue

Treasury Minister Emil Wasacz yesterday said that it is becoming increasingly unlikely the government will sell its 20% to 25% stake in Poland's largest insurer Powszechny Zaklad Ubepieczen (PZU) to European insurance conglomerate Eureko. Eureko already owns 20% of PZU. (Prawo i Gospodarka, page 1) ... In the second public offering of shares in Poland's largest oil company PKN Orlen, the Treasury will put on offer between 20% and 30% of PKN Orlen's capital. (Prawo i Gospodarka, page 1) ... Electronic equipment manufacturer Tonsil will offer a new share issue, most likely directed at its strategic investor Tohoku Pioneer of Japan, which already holds a 40.25% stake. Tonsil is currently undergoing restructuring after losing zl. 14.4 million in 1999. (Prawo i Gospodarka, page 10) T.J.