In Brief: Kama Foods; TVN floatation; Matrix.pl; Softbank

However, Kama's creditors announced that the agreement contravenes the tender rules. It was also revealed that another investor, Cesky Olej, submitted an offer much earlier and is willing to pay zł.87 million. (Puls Biznesu, p. 6) ... ITI announced it will float its TV related assets, Grupa TVN, this year. The company is currently in the phase of selecting a floatation advisor. It was also disclosed yesterday, that ITI has reached an agreement with its partner, UCI, and will purchase a 50% stake in the Multikino cinema network. (Parkiet, p. 3) ... Matrix.pl software producer is looking forward to its IPO on the WSE, where it will attempt to raise up to zł.30 million. The capital would be used on new product development and possible acquisitions. (Parkiet, p. 4) ... In 2004, leading IT company Softbank intends either to maintain or improve on its 2003 financial results, when it posted a group net profit of zł.4.05 million. (www.onet.pl) A.K./A.F.