In Brief: Skanska halts Libyan road talks; Elite sweets; LOT's support plan
Gdansk-based construction company GPRD Skanska, which was negotiating the
terms of a $80-$100 contract on road construction in Libya with the
country's government has suspended the talks. The firm's decision is based
on the risk that a possible retaliatory action by the US following last
week's terrorist attacks may jeopardize the investment. (Puls Biznesu,
p.8)...Israeli confectioner Elite intends to acquire a controlling stake in
its Polish counterpart Raciborz-based Mieszko. Elite is ready to increase
its initial offer by as much as 40%. Several investment funds also
interested in Mieszko, have pledged to finance the firm with an additional
zl. 40 million. (Rzeczpospolita, p.B4)...The Finance Ministry is preparing a
support plan for LOT Polish Airlines, which asked the government for
guarantees to insure the carrier against the risk of war and terrorist
attack. (Puls Biznesu, p.6) A.Z.