In Brief: Ozarow buys lime plant; EIB loan for Poznan; Bond issue; Elektrim
On Friday, the Treasury Ministry signed an agreement with cement producer
Ozarow over the purchase of an 85% stake of lime producer ZPM Trzuskawica.
Ozarow will pay the zloty equivalent of euro 20.36 million for the stake.
(Prawo i Gospodarka, p. 3) ... The city of Poznan will borrow euro 25
million from the European Investment Bank to renovate 150 historic buildings
in the city center. This is the first time a Polish city received such a
loan without any collateral. (Prawo i Gospodarka, p. 7) ... Poland is
planning to sell GBP 250 million eight-year international bond, markets
sources in London said on Friday. A short list of banks has been drawn up
and a decision on who will act as lead manager for the bond and when the the
issue will be launched, could be taken as soon as the end of next week.
(Rzeczpospolita, Oct. 5-6, p. B1; Reuters) ... The "Management [of Elektrim]
has decided to withdraw its bankruptcy motion from the court," Elektrim CEO
Wojciech Janczyk said. A Warsaw court had been scheduled to begin hearing
the case today. An eleventh-hour debt-restructuring deal on Thursday allowed
the company to save itself (Reuters) A.Z.