In Brief: Kara sold; Warta cleared; Daewoo Zycie; Techmex; Softbank, Prokom

Prokom The Privatization Agency (AP) has sold off 28.87% of shares in Piotrkow Trybunalski-based glass factory Huta Szkla Okiennego Kara S.A. for zl. 405,680 to Cara Concord Glass Company of Britain. (Rzeczpospolita, page B2) ... European Union (EU) inspectors are to inspect eight poultry processing factories between Sept. 21-28 in Warminsko-Mazurska voivodship. (Rzeczpospolita, page B2) ... The Competition and Consumer Protection Office (UOKiK) has cleared the insurer TUiR Warta, owned by Kulczyk Holding, to buy 50% shares controlled by Citibank in the pension fund PTE Dom. The sale however, is still subject to approval by the Pension Funds Supervisory Office (UNFE). (Rzeczpospolita, page B5) ... Daewoo FSO and insurer Daewoo TU are expected to announce the buyer of their life insurance division Daewoo Zycie by October. It is likely to be either a British financial institution or American insurer. The two undisclosed firms are conducting due diligence on the insurer. (Rzeczpospolita, page B5) ... Bielsko-Biala-based computer technology distributor Techmex expects to raise between zl. 100 million and zl. 200 million from a share issue when it debuts on the Warsaw Stock Exchange (WSE) in November. The revenue from the IPO would go to repaying the company's debts. (Rzeczpospolita, page B5) ... Systems integrators Prokom S.A. and Softbank S.A. have postponed the the official announcement of a joint strategy for the second time blaming it on scheduling problems. Prokom bought a 10% stake of Softbank in earlier this month. (Reuters)