In brief: Stocznia Gdynia loans; Metropol distribution; Dr Witt lawsuit
Shipyard Stocznia Gdynia has signed two loan agreements, one worth $35.6
million with Bank Pekao SA, and the other, valued at $63.9 million, with a
consortium of banks. The company needs the money to fund the building of
four ships for customers in Germany and Switzerland. (Prawo i Gospodarka, p.
2) ... TPP, publisher of the "Metropol" free daily newspaper, has signed an
agreement with the Warsaw authorities guaranteeing it exclusive rights for
the next 10 years to distribute newspapers on the city's public transport.
The deal will cost TPP $50,000 annually. (Rzeczpospolita, p. B3) ... Andrzej
Wojda, founder and co-owner of Dr Witt, one of Poland's biggest juices and
drinks companies, is launching legal action against Famco, an investment
fund of BRE Bank. Wojda claims that the fund, which owns 40% of his company,
broke an investment contract when it acquired a 29% stake in rival soft
drinks producer, Hoop. (Puls Biznesu, p. 3) M.K.