In Brief: Kruk to be listed; LOT to increase flights; EC Tychy; Naftobazy
Kruk S.A., a jewelry and luxury goods company is to be listed on the Warsaw
Stock Exchange (WSE) in July. Company president Jan Rosochowicz refused to
reveal the price of shares; CDM Pekao brokerage estimates they will trade at
zl. 45 in a public offering. (Gazeta Wyborcza, p. 29.) ... LOT Polish
Airlines is considering increasing the number of its transatlantic
connections, as not all passengers manage to get seats on planes to Chicago
and New York. LOT spokesman Leszek Chorzowski said LOT might lease a plane
from another carrier to provide more connections in the peak season.
(Rzeczpospolita, p. B5) ... Apart from European concerns, three American
investors, Williams, El Paso, and Kaneb Pipeline are interested in taking
over Naftobazy, a liquid-fuels storage company whose estimated value is zl.
375 million. (Puls Biznesu, p. 7) ... A Power plant in Tychy (EC Tychy) is
to become the first in the country to use biomass to produce energy. (Gazeta
Wyborcza, p. 20) K.S.