In Brief: PolCard sold; TPSA zł. 100 million loan; Beer advertising; Real estate

Gtech Holdings and Innova Capital funds have concluded the purchase of a 99.7% stake of PolCard for $60 million. PolCard's other shareholder, Polish Banks Association (ZBP), decided not to sell its shares for the time being. (Parkiet, p. 1) ... TPSA has borrowed zł. 100 million from BPH PBK. The loan will be spent on the management of TPSA's operational capital. (Puls B iznesu, p. 7) ... Despite the liberalization of regulations on beer ad vertising, brewers are not planning to increase their beer advertising budgets. They complain that TV stations have increased spot prices and treat brewers as second category clients. (Puls Biznesu, p. 9) ... Poland was placed third in a real-estate attractiveness ranking including 13 emerging markets in Europe. The ranking was organized by Cushman & Wakefield/Healey & Baker. (Parkiet, p. 7) A.Z.