In brief: PKP; Huta Katowice board presents restructuring plan; Zurich
Polish State Railways (PKP) will invite investment funds to take part in a
tender, the winner of which will create and manage a fund entitled Fundusz
Wlasnosci Pracowniczej, planned to administer around zl.1 billion, or
roughly 15% of PKP's capital raised in share issues and from real estate
sales (Prawo i Gospodarka, p.4) ... The board of directors of Huta Katowice
steel mill yesterday presented a company restructuring program, offering
several possible options to revive the ailing firm. The proposal now awaits
Treasury Ministry approval (Puls Biznesu, p.5) ... Multinational insurance
giant Zurich has started selling asset coverage policies on the Polish
Internet. The Swiss-headquartered insurer is said to offer coverage at
prices 20% less than policies sold in the traditional way. (Rzeczpospolita,
p.B5) J.K.