In Brief: PGNiG EUR 600 million loan; Universal; Power problem; KGHM

To assure investors of its intension, in its prospectus, PGNiG declared it will not spend more than 5% of the raised capital paying back the loan (Puls Biznesu, p. 10) ... Universal, an old multi-sector company, which went bankrupt is going to have its property put on sale again. The asking price is zł.26 million. It is going to be the third attempt to satisfy the company's debtors, who are owed as much as zł.200 million. The jewel in the crown of Universal's assets is real estate on Warsaw Grzybowska street. (Puls Biznesu, p. 9) ... Energy trade unions have established a sector-widen Strike Committee and accused the government of failing to sincerely enter a dialogue with the unions regarding the consolidation of the energy sector. A possible strike will be a serious problem for the government which has constantly failed to keep deadlines of an adopted energy sector consolidation program. (Puls Biznesu, p. 9) ...KGHM is withdrawing from its project to mine copper ore in Congo, in which it has invested about USD 40 million since 1996, as the return rate is not satisfactory. Therefore KGHM's shares in the investment are on sale. (Parkiet, p. 1)