In Brief: LOT sells bank stock; Treasury dismisses senior executives

LOT Polish Airlines has sold a 2.78% stake in Bank Zachodni WBK for zl.91.35 million, or zl.45 per share, and will use the proceeds to finance its curren t activities, the company said in a statement. LOT received the shares from the Treasury as a capital injection, and the sale has been approved by the T reasury Ministry. (Gazeta Wyborcza, p. 20) ... The Treasury Ministry, headed by Wieslaw Kaczmarek, is conducting sweeping management changes at State-own ed firms. On Friday three out of five members of the board of directors at P olish Oil and Gas (PGNiG) were suspended, while three of the five supervisor y board members of the Przyjazn oil pipeline were removed. Another change ha s been announced at press distributor Ruch S.A., where three out of the four directors, including the president, have been dismissed. Kaczmarek has also made it clear that changes will take place at State lottery Totalizator Spor towy and copper group KGHM Polska Miedz. (Rzeczpospolita, Dec. 8-9, p. B3) T .J.