In brief: Lot seeks new partner, Daewoo-FSO; Ciech debt of $7 million
Jan Litwinski, president of PLL LOT Polish Airlines, admitted that LOT will
attempt to find a new strategic partner to take over Swissair's 37.6 percent
stake in the Polish flagship carrier, by the end of the year.
(Rzeczpospolita, pp. B1, B3)
... Daewoo-FSO did not sign an agreement with
its six creditor-banks regarding the restructuring of its zl. 600 million
debts due to incomplete documentation. (Prawo i Gospodarka,
pp. 1, 4)
... Brazilian Comexport is seeking $ 7 million in reparations from
Polish sulphur company Ciech, which failed to meet the production quota of 4
million tonnes of sulphur. Ciech claims the failure to deliver the sulphur
is due to a sulphur deficit in Poland. The case will be resolved in court.
(Puls Biznesu, p. 5) M.T.K.