In Brief: Textile producer off the hook; 3M compelled; PMB privatization

Textile producer Zaklady Odziezowe Bytom has signed a zl. 16 million agreeme nt with its creditors, relieving the threat of bankruptcy. Forty percent of the company's debt will be cancelled and the rest will be paid in installmen ts over a seven year period. (Puls Biznesu, p. 4) ... 3M Poland, a majority stakeholder in WSE-listed Viscoplast, has been forced by Viscoplast's Superv isory Board to buy all the company's shares. This is an unprecedented develo pment on the Polish capital market. (Puls Biznesu, p. 6) ... Steel manufactu rer Huta Katowice (HK) has made an offer to foreign concerns Danieli, SMS De mag, Voest Alpine, ABB, Siemens and General Electric for its continuous cast ing line. Results should be known by the end of July. The total cost of the investment could reach zl. 350 million. (Puls Biznesu, p. 7) ... The Treasur y Minister has agreed to the privatization of Bialystok-based meat processin g plant PMB. The company's assets will be taken over by a new company whose shareholders would be the State Treasury, BOS and PPM, a company created by PMB's workers and suppliers. (Puls Biznesu, p. 11) A.D.