In Brief: PGNiG; G-8 tender still on; Hyundai; Tchibo to be No.1?

Polish Oil and Gas (PGNiG) has no intention to present its bondholders with its new proposals after they refused to give permission to introduce changes to the company's issue prospectus. PGNiG is in talks with rating agencies on how to solve this problem. (Puls Biznesu, p. 4) ... The Treasury Ministry said it will continue the tender for the sale of the power distribution group G-8 despite the fact that two consortia E.ON and Electrabel interested in the tender have abandoned the plans to participate in the bid. (Puls Biznesu, p. 7) ... Car concern Hyundai is planning to construct a plant in Central Europe and Poland is also on their list of countries for consideration. The investment is reported to have no links with car maker Daewoo-FSO. (www.onet.pl) ... Coffee producer Tchibo intends to open 50 coffee bars and in this way capture the leading position on the coffee market. The cost of opening each coffee bar ranges between zł. 100,000-zł. 500,000. (Puls Biznesu, p. 9) A.Z.