In Brief: SEC investigating BRE; Oiltanking and Naftobazy; A4 investigation

The Securities and Exchange Commission (KPWiG) is investigating whether BRE Bank along with a group of investors complied with disclosure requirements while building their stakes in cash-strapped Elektrim. Meanwhile, Elektrim's shares jumped by 11% after a statement by France's Vivendi, which owns a 10% stake in the company, that it plans to secure its investment in Elektrim. (Gazeta Wyborcza, Jan. 12-13, p. 29, Reuters) ... Oiltanking, the German liquid fuel and chemical product storage company, confirmed that it wants to take part in the privatization of Naftobazy. Presently the company is beginning its work on the construction of a terminal at the Gdansk port, estimated at between euro 10 million and euro 20 million. (Puls Biznesu, p. 8) ... The public prosecutor in Opole plans to investigate possible criminal activity during the construction of the A4 motorway stretch from Bielany Wroclawskie to Nogawczyce. The suspicions arise from the fact that the cost of construction of this part of the motorway increased from euro 277.2 million to more than euro 319 million. (Gazeta Wyborcza, p. 19) P.J.