In Brief: Pekao in takeover talks?; Ciech shares; XL Insurance's Polish position

If such a transaction were to take place, although it is denied by both institutions, Pekao would become the largest domestic bank in terms of its own funds and assets, pushing PKO BP off the top spot. (Parkiet, p. 7) ... The subscription for shares in chemical concern Ciech is to begin in mid December, according to an amended schedule. The company's management expects the Securities and Stock Exchange Commission to give the green light to the public trade of shares within one month. (Parkiet, p. 7) ... International concern XL Insurance, which specializes in insuring large corporations, has begun operations in Poland. Currently the company is slowly taking over customers from Credit Suisse Life & Pensions. (Parkiet, p. 9) A.K.