In brief: Mitsui invests in zone; pension fund merger; Prokom & Softbank

The identity of the Japanese investor in the new Zary sub-zone of Walbrzych Special Economic Zone has been revealed, after representatives of Mitsui signed a letter of intent with the Polish Foreign Investment Agency (PAIZ). Mitsui plans to build in the Zary sub-zone Poland's first industrial park for Japanese investors. (Prawo i Gospodarka, p. 2) ... A decision may be reached this week on the merger of the pension funds PTE "Dom" and PTE Kredyt Bank. The terms of the merger are currently being negotiated by shareholders in the two companies. A final decision will be taken by the Pension Fund Supervisory Office (UNFE). (Gazeta Wyborcza, p. 18) ... Prokom has decided not to spend the profit from a planned bond issue on the purchase of Softbank. Instead, a third of the funds raised will be used to restructure the firm's liabilities, and the remaining two thirds will support various investments, mostly projects in cooperation with Telekomunikacja Polska (TPSA). (Gazeta Wyborcza, p. 18) A.Z.