In Brief: FIO; Ivax puts out a call; PKO BP share tranches; Porta Holding

FIO counts on attracting 100 long-term clients by the end of February 2005, and plans to double this figure a year later. (Parkiet, p. 1) ... American pharmaceutical corporation Ivax has submitted its issue prospectus to the Securities and Stock Exchange Commission (KPWiG). The company, which controls 25% of Polfa Kutno, plans to put a call for remaining shares and offer its own stock instead. (Parkiet, p. 1) ... According to the assumptions of the privatization plan of PKO BP which was presented yesterday to the Sejm by the Treasury Minister, the offer to sell a 30% stake in the bank will be divided into four tranches. The first one, 21-25% of the offer, will be aimed at domestic retail investors, the second (30-35%) at domestic institutional investors, with 35% earmarked for foreign clients. (Parkiet, p. 3) ... Following a several year long legal battle over the domestic shipbuilding sector between politicians and businessmen, the State Treasury has been recognized as the party with the more significant influence. However, the courts decision also meant that Krzysztof Piotrowski, remains the president of PH in spite of the Treasury's efforts to remove him and that he will continue to have a influence over the receiver of the bankrupt company. (Puls Biznesu, p. 5) A.K.