In brief: Lukas; pension fund portfolios; brewery advertising said to grow
Lukas bank shareholders on Tuesday began advanced negotiations with Credit
Agricole (CA) for the French bank's entry as strategic investor. It is
said unofficially that CA estimates Lukas to be worth about $330 million.
A final decision should be reached by the end of January. (Puls Biznesu,
p.7) ... Pension Funds (OFE) published their 2000 mid-year portfolios
showing that among their most preferred investments were TP SA, Elektrim
and KGHM. (Puls Biznesu, p.10) ... According to market researcher
Expert-Monitor, breweries spent about zl.224 million on advertising in
2000. This year, sector analysts say, this figure could exceed zl.400
million, despite legislature's plans to put more restrictions on
alcoholic-beverage advertising. (Puls Biznesu, p. 11)