In Brief: ITI bond issue; G+J's Glamour; France Telecom; PPWK; VIP planes

Despite its last unsuccessful flotation attempt on the Warsaw Stock Ex change, ITI Holding is still planning to issue company bonds. ITI director Jan Wejchert officially confirmed that he intends to raise the capital necessary to purchase a 33% stake of TVN from SBS. However, this issue is unlikely to be in the immediate future. (Puls Biznesu, p. 8) ... Spring 2003 is the launch date planned for the new luxury women's magazine Glamour. It will be published by G+J Polska in cooperation with French Conde Nast. It will compete with Twoj Styl for readers. Oliver Voigt, the director of G+J Polska, expects that circulation will be around 200,000 copies (Parkiet, p. 7) ... Despite its financial problems, France Telecom (FT) will not sell its shares in Orange, Wanadoo, Equant and TPSA. The French Treasury, which owns a 55% stake in FT, will grant the operator financial assistance totalling euro 9 billion. FT's total debt is estimated at euro 70 billion (Prawo i Gospodarka, p. 4) ... Rafal Berlinski, the director of leading map publisher PPWK, announced plans to sign an agreement with a financial investor in the first quarter of 2003. The investor will be offered 1.1 million shares which is a 35% stake in the enterprise. PPWK signed an agreement last week with its creditors concerning the restructuring of its debts which currently stand at zl. 30.1 million. (Puls Biznesu, p. 5) ... Three companies have been invited to take part in a bid organized by the Prime Minister's office to deliver two jets for use by state officials. The companies include Dassault offering their Falcon airplanes, Canadian Bobardier and American Gulfstream. The government has set aside zl. 12 million for the purchase. (Puls Biznesu, p. 11) K.Z.