In Brief: Kruk shares; Bartimpex; ITI issue: Szczecin Shipyard new chairman

Exclusive jewelry producer W. Kruk made a weak debut on the Warsaw Stock Exchange. The initial share price was equal to the public offer, but quickly fell by 9%, to zl. 32.20. In the public offer only two thirds of shares have been sold. Analysts say that this was due to a weak market and not the company. (Puls Biznesu, p. 5) ... Bartimpex is another enterprise interested in the privatization of the vodka producer Polmos Wroclaw. Like PKN Orlen, Bartimpex wants to use Polmos' potential to produce bio fuels. (Puls Biznesu, p. 6) ... Media concern ITI Group, said that it will announce within a day if it has secured sufficient interest to justify going ahead with its floatation. (Reuters) ... The supervisory board in the Szczecin Shipyard yesterday appointed Janusz Malewski as the new chairman. The former chairman, Zbigniew Stypa, resigned from his post as news broke of the company's troubles. (Puls Biznesu, p. 6) A.D.