In Brief: Softbank payoff; Hyundai talks?; Commercial Union Investment Polska

Softbank has dismissed its deputy president, Jarosław Ogorzałek, who was responsible for supervising subsidiaries. Ogorzałek will receive more than zł.2 million in compensation or 73,000 shares, worth around zł.1.3 million, from his former employer. The reason behind the dismissal has not been revealed. (Parkiet, p. 3) ... The local government of Kobierzyce, which recently lost the battle with Slovakia over Hyundai's planned construction of a car plant worth EUR 700 million, announced that they have not excluded the possibility of a return to negotiations. It has been revealed that the investor is considering withdrawing from Slovakia because of disagreements in the Slovakian government and protracted negotiations over the purchase of land. (Parkiet, p. 1) ... Commercial Union Investment Management Polska has increased its financial engagement in publicly listed auto parts producer Inter Cars and now controls 593,000 shares, making up more than 5% of votes of the Shareholders Meeting. (Parkiet, p. 4) A.K.