In Brief: Torfarm; New hope for FSO; P4 expands

This will not give Torfarm outright control over Galenica-Silafarm, but it puts Torfarm's competitors, PGF and Prosper, in a difficult position. They were also interested in the purchase and appeared to offer more. Galenica-Silafarm posted a 2005 net profit of zł.6 million. (Puls Biznesu, p. 5) ... General Motors has admitted publicly it is in negotiations with Ukrainian UkrAvto, the main shareholder of the Warsaw FSO car factory over creating a joint-venture to produce Chevrolets, which so far were imported from South Korea. This could trigger Treasury guarantees for a USD100 million loan for FSO to launch production of new models. (Gazeta Wyborcza, p. 27) ... The fourth mobile phone provider, P4, is planning to build its own network in eight Polish cities - Warsaw, Trójmiasto, Poznañ, Katowice, Wrocław and Łodz. It hopes to launch its first stations already this year. (Rzeczpospolita, p. B5)