In Brief: PPAB name change; Eureko pursues PZU; Stoen; Netia's WSE debut
Pierwszy Polsko-Amerykanski Bank (PPAB) has changed its name to Fortis Bank
Polska (FBP). "We are changing the name to identify with our new owner,
Fortis Bank of Belgium," said FBP president Marek Kulczycki. (Gazeta
Wyborcza, page 24) ... European insurance-conglomerate Eureko is planning to
increase its stake in Poland's largest insurance company Powszechny Zaklad
Ubezpieczen (PZU) through the stock exchange, after the government refused
to directly sell it a 20% to 25% stake. Eureko already owns a 20% stake in
PZU. (Puls Biznesu, page 4) ... Seventeen companies are bidding to advise
the Treasury Ministry on the privatization of Warsaw-based
energy-distribution company Stoen. An adviser should be selected by the end
of July. (Prawo i Gospodarka, page 3) ... Shares in telecom company Netia
will debut on the Warsaw Stock Exchange on July 11. (Prawo i Gospodarka,
page 11) T.J.
