In Brief: Major order for NSS; ITI Holdings to issue bonds?; Vistula

Dutch ship producer Spliethoff s Bevrachingskantoor has ordered four ships from the New Szczecin Shipyard (NSS). They will be delivered in 2004-2005. Unofficially, it is believed the contract is worth around $120 million. (Rzeczpospolita, Feb. 1-2, p. B2)... ITI Holdings president Jan Wejchert said that the company will not be listed on the Warsaw Stock Exchange (WSE) this year, nor in 2004. At the same time he does not exclude a bond issue which could subsequently be listed on WSE or CTO. (Gazeta Wyborcza, Feb. 1-2, p. 31) ... Foreign shareholders of clothes producer Vistula headed by HIP Holding have appealed to the court against resolutions taken at the recent shareholders meeting in which shareholders around BRE Bank and PZU had the dominant voice. The Dutch shareholders have been fighting over the right to control Vistula. (Gazeta Wyborcza, Feb. 1-2, p. 31) A.Z.