Skip to content
Advertisement

Business

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.

More from Business All