In Brief: Ivax IPO; Tele-Fonika plant for Ukraine; Gniewczyna

Anonymous sources claim that should Ivax's shares be traded publicly, the company will immediately issue a call to buy Polfa Kutno's shares. (Puls Biznesu, p. 13) ... Tele-Fonika, the largest cable producer in central Europe, will invest in building a small production facility in Ukraine. The decision was made mainly because trade barriers created after Poland's EU accession caused an upturn in the prices of products exported to Ukraine. "The Ukrainian market is larger than Poland's, worth some EUR 400 million," said Jarosław Romanowski, Tele-Fonika's vice president of finance. (Puls Biznesu, p. 13) ... The Treasury Ministry announced a tender to sell its 25% stake in Gniewczyna, a rail car factory. The other owners are Feniks Inwestycje (27.1%), Surfinia (25.2%), national investment funds (7.7%) and its employees (15%). Gniewczyna currently employs around 1,000 people. (Puls Biznesu, p. 7) D.W.