In Brief: Recordati; Grupa Lotos; BPH doing better than predicted

Although the transaction is planned to be finalized later this month, it is not known whether the financial investors to whom this offer is addressed will respond as hoped. (Parkiet, p. 4) ... Grupa Lotos should debut on the Warsaw Stock Exchange at the beginning of 2005. The announcement came following a meeting with the president of Nafta Polska, who assured the firm that floating Lotos shares on the bourse is the only way to privatize the company. (Parkiet, p. 4) ... The president of Bank BPH, Józef Wancer declared that his company will post better financial results this year than it did in 2003, when net profits stood at zł.323 million. The estimate was based on the last quarter's performance, which turned out to be better than had been expected largely due to an increase in housing credits. (Parkiet, p. 4) A.K.