In brief: PKN Orlen adviser; Internet bond sales; Gino Rossi; sugar sale

The board of Nafta Polska has chosen French bank BNP Paribas as the adviser to the sale of an 18% stake in PKN Orlen. By the end of July, BNP Paribas is to define a strategy for the transaction, which may take the form of a share swap or sale from Nafta Polska to a sector investor. (Puls Biznesu, p. 4) ... During the past year the Finance Ministry and the Central Brokerage House Pekao SA (CDM Pekao SA) have sold 140,000 treasury bonds worth more than zl.14 million over the Internet. According to CDM Pekao SA president Jan Kuzma, in total 2% of treasury bonds were sold over the Internet in the past 12 months, at an average of 8,000 to 12,000 monthly. (Gazeta Wyborcza, p. 27) ... Gino Rossi, the shoe manufacturer based in Slupsk in North Poland, is planning to open 60 new outlets over the next five years. The company is preparing to spend zl.8 million to zl.10 million yearly on the project, and has decided to develop franchising operations in smaller cities. (Puls Biznesu, p. 9) ... The Treasury Ministry has said that it may review the sale of Poland's biggest sugar group, Slaska Spolka Cukrova, to Saint Louis Sucre, after the French company was bought by Suedzucker of Germany. Treasury Minister Aldona Kamela-Sowinska said yesterday that the sale of Slaska should probably be reviewed. "When we made the privatization decision, we didn't know it would be a German company," she explained, without further elaboration. (Reuters) M.T.K.