In Brief: Link 4; MK Cafe&Tea; PKN Orlen; Telefonia Dialog, KGHM
The Insurance and Pension Funds Supervisory Board (KNUiFE) has officially turned to insurer Link 4 to cease advertising its products using false information. Moreover, the advertising slogans used by the company are said to violate the ethics adopted by the Polish Insurance Chamber (PIU). (Parkiet, p. 8) ... Elite Industries of Israel is holding talks to take over coffee producer MK Cafe&Tea. The value of the transaction may reach as much as euro 40 million, Elite announced in a press release. (Parkiet, p.4) ... PKN Orlen has won first place in Rzeczpospolita's ranking of the country's 500 largest corporations. Yesterday, the firm took first place in Parkiet's Top 500 ranking (Rzeczpospolita, p. B1) ... Telecom operator Telefonia Dialog's zł. 1 billion part of a debt to copper and silver miner KGHM may be converted into shares. The firm closed last year with a net loss of zł. 452 million. (Puls Biznesu, p. 6) J.K.