In Brief: Swissair meeting; Orfe, Farmacol selected; BRE Bank dividend
The Treasury Ministry will meet representatives of Swissair on Monday to
discuss the sale of the collapsed Swiss carrier's 25.1% stake in LOT Polish
Airlines. The Treasury is expected to find it difficult to find a new
investor for LOT, in view of the deteriorating situation on the intern
ational airline market. (Prawo i Gospodarka, p. 4) ... Treasury Minister
Wieslaw Kaczmarek has selected Orfe and Farmacol to conduct parallel n
egotiations on the purchase of at least 10% of pharmaceuticals company
Cefarm-Warszawa. The results of the negotiations will be the basis for
granting one of the potential investors the right to exclusive negotiations.
(Prawo i Gospodarka, p. 4) ... At an April shareholders meeting the ma
nagement of BRE Bank will decide on offering a zl.10 per share dividend. BRE
Bank has earmarked 30% of its 2001 profit to pay out as dividends. (Puls
Biznesu, p. 33) A.Z.