In Brief: Torfarm IPO; PKO PB approval; Brewing bonds; Mostostal Export

Toruń-based pharmaceuticals distributor Torfarm is planning an IPO in the middle of September and might collect zł.30 million from the floor. The company will continue supplying drugstores and maintain its policy of organic growth. Torfarm should post a zł.9.3 million profit on revenues of zł.1.3 billion in 2004. (Parkiet, p. 3) ... According to Puls Biznesu sources the largest domestic retail bank PKO BP might be allowed today to be traded on the WSE by the Securities and Stock Exchange Commission (KPWiG). The zł.5 to 6 billion offer will be divided in four tranches. (Puls Biznesu, pp. 1, 10) ... Brewing company Browary Polskie Brok-Strzelec plans to issue zł.30 million more long-term bonds by the end of the year. The proceeds will be spent on increasing capacity of the company's plants, as it is currently hardly able to meet demand. (Puls Biznesu, p. 10) ... Mostostal Export has a chance of winning contracts worth $29 million in Russia. The company has signed letters of intent to build a warehouse, trade center and an amusement complex with construction starting in the first half of 2005. (Parkiet, p. 5) M.M.