In Brief: PZU and Eureko; Polsat shares up for grabs; Fiat Auto Poland
The government did not take any decision yesterday on the privatization of
PZU because it wants first to hear the opinion of independent experts on a
possible break of contract with Eureko. Minister Kaczmarek said that a
decision on the issue would be made in a week. (Gazeta Wyborcza, p. 19). On
Tuesday Zygmunt Solorz, owner of a majority stake in Polsat announced that
33% to 49% of Polsat shares will be sold this year. Polsat is continuing
negotiations after it had sent memoranda to a number of Polish and foreign
companies. (Prawo i Gospodarka, p. 2) Fiat Auto Poland (FAP) announced
another break in production next week, according to information given by
Wanda Struzyk, chairperson of labor union NSZZ Solidarity on Tuesday. She
added that the management of FAP has so far withdrew from mass lay-offs
which threatened 200 jobs (Prawo i Gospodarka, p. 2) P.W.