In Brief: ITI Group TVN shares; Netia Telecom; Huta Sendzimira creditors

The ITI Group signed a conditional agreement on repurchasing 33% of shares in Television TVN with SBS Broadcasting on June 21. Financing this transact ion depends on the success of the public offer of the ITI Group. (Rzeczposp olita, p. B4) ... All the creditors of Netia Telecom have accepted settleme nt proposals, pursuant to which 91.3% of Netia's debt of zl. 1.9 billion wi ll be cancelled. The remainder is to be paid in installments, starting 2007. (Prawo i Gospodarka, pp. 1, 4) ... On June 26, 1,220 creditors of Huta Send zimira steel works (HTS), will meet to discuss settling company debts of zl. 723 million. HTS will propose cancelling debts by between 20% to 40%, depen ding on the size of the debt and to pay the remainder within five years. Ec onomy Minister Andrzej Szarawarski said he has convinced creditors to accept the proposals. (Rzeczpospolita, p. B2) M.T.