In Brief: Nafta Polska shortlist; Deutsche Bank, PBH-PBK; Polmos Lancut
Nafta Polska has already prepared a shortlist of candidates for consultant
in the process of preparing the program of restructuring and privatization
of the chemicals sector. According to unofficial information, the shortlist
includes PricewaterhouseCoopers and Cap Gemini Ernst & Young. (Puls Biznesu,
p. 11) ... Deutsche Bank (DB) has re-started coverage of Bank BPH-PBK with a
buy recommendation and a target price of zl. 254 per share. "The post-merger
restructuring process, the key driver of stock-price performance, has been
proceeding more slowly than expected but we expect results in 2003," said a
DB spokesperson. (Reuters) ... The Treasury Ministry is to postpone, p
robably by one week, the signing of a contract on the purchase of an 80-85%
stake in Fabryka Wodek Polmos Lancut by the Caribbean Distillers Corpo
ration. The new investor intends to increase exports of Polish vodka to the
USA, which will help to utilize up to 90% of the firm's production capacity.
(Rzeczpospolita, p. B4) A.Z.