In Brief: Polmos Poznan; PAP vs. NIK; Brandt ; GATX approval for DEC
In Brief: Polmos Poznan; PAP vs. NIK; Brandt ; GATX approval for DEC
Today the Treasury Ministry will open the privatization offers for
Polmos Poznan distillery. The potential investors aiming to takeover 51%
of the company will pay about $100 million. (Puls Biznesu, page 6) ...
Polish Press Agency (PAP) will withdraw a complaint regarding the Supreme
Board of Inspection (NIK) from court. "Because of the NIK inaccurate
report overestimating PAP losses by zl. 10 million, potential investors
might have been averted," said PAP authorities. (Rzeczpospolita, page A4)
.. French appliance maker Brandt has increased its stake in Polish whites
goods producer Polar by 6% now controlling 95% of the Polish manufacturer.
(Reuters) ... Cabinet Economic Committee (KERM) has given the green light
to the sale of state liquid fuel transporter Dyrekcja Eksploatacji Cystern
(DEC) to US transport company GATX Rail Corp. The transaction, worth
$86.67 million, is still awaiting cabinet approval. DEC, with zl. 27
million in net profit last year, operates 11,500 rail tanker cars.
(Reuters)
