In Brief: The end of Zycie?; Energis Polska; Telbank; Vistula, TPSA bonds
The supervisory board of the publisher of Zycie has suspended printing the
newspaper until further notice. (Puls Biznesu, p. 3) ... Energis Polska,
which provides telecom and Internet services for corporate clients, has
increased its capital to zl. 855 million from zl. 326 million by selling
its new shares to National Grid and Baters Telecom Poland. This also means
it will be able to pay all its debt to the European Investment Bank.
Revenues this year should reach zl. 54 million. (Puls Biznesu, p. 6 ) ...
Netia and Tel-Energo are the most likely candidates to be short-listed for
the purchase of a 74% stake in Telbank. The investor was to be chosen by the
National Bank of Poland's board of directors late yesterday. (Prawo i
Gospodarka, p. 6) ... The chairman of the Vistula clothing manufacturer,
Roman Wenzi, is leaving after only a couple of months in office. He claims
that the supervisory board was unnecessarily limiting his powers. (Parkiet,
p. 5) ... On Monday TPSA sold the first tranche of its bonds worth zl. 300
million. The total value of the issue addressed at financial investors is
zl. 1 billion. (Reczpospolita, p. B4) J.K.