In Brief: Skoda line; PZU funds; PBK GDR’s; Zasada delisting; Masa-Yard

Yesterday insurer Powszechny Zaklad Ubezpieczen (PZU) opened three new investment funds Polonez, Mazurek and Krakowiak. Polonez is debt instrument-based, Mazurek share-based and Krakowiak a balanced fund. (Prawo i Gospodarka, page 12) ... Powszechny Bank Kredytowy (PBK) asked the London Stock Exchange to clear 6.8 million global depository receipts (GDR) amounting to 25% of the bank’s capital. (Reuters) ... Management of automotive group Zasada called a general shareholders meeting for Nov. 18 to vote on delisting the firm from the Warsaw Stock Exchange (WSE). The firm called a public tender offer which will end Nov. 12 for its outstanding shares. (Reuters) ... The Finnish government says it plans to bid for Finnish shipyard Masa-Yard. Gdynia Shipyard together with Masa-Yards chief executive Martin Saarikangas are the only other competitors and are considering submitting a joint bid. (Reuters)