In Brief: Philips invests zł.60 million; PKN-Możejki; BPH sells its bad debts; Gino Rossi shares

The centre will be up to 25,000 sq m. Philips will store lighting supplies for Scandinavia and Central and Eastern Europe. (Rzeczpospolita, June 10-11 p. B5) ... On Friday the Lithuanian government signed the agreement with PKN Orlen concerning the sales of its 30.66% stake the Możejki refinery for USD 852 million. PKN Orlen had already bought the shares belonging to Yukos, thus gaining control over the refinery. (Rzeczpospolita, June 10-11 p. B3) ... BPH PBK SA is yet another bank which has decided to sell its overdue loans, worth zł.1 billion. They will be purchased by a joint-venture of Blue Ridge Investments and BPH TFI. The deal should be complete by December 15. (Rzeczpospolita, June 10-11 p. B5) ... Gino Rossi, a shoes producer, has set its shares price at zł.12. The company is offering 2.2 million shares for institutional investors and 800,000 shares in an open tranche. Investors can apply for the shares between June 12-14. (Rzeczpospolita, June 10-11 p. B5)