In Brief: Six Rafineria Gdanska bids, Hamburg-Mannheimer, MCI success

Six bids were placed for a 10%-75% stake in Poland's second largest oil company Rafineria Gdanska, slated for privatization in March/April 2001. Four investors are expected to go through to the second round, where they will conduct due diligence at the refinery. (Prawo i Gospodarka, p.5)...German insurer Hamburg-Mannheimer (HM) has called a public bid for all outstanding shares in TU Compensa insurance company. HM, which already holds a 61,23% stake in Compensa, is offering zl.20 for common shares and zl.45.11 for registered ones. (Rzeczpospolita, p.B5)...The initial public offering of venture capital fund MCI Management turned out to be a big success. As a result of huge oversubscription investors were only allotted 40% of the shares they had ordered. (Gazeta Wyborcza, p.29) J.K.