In brief: Towarzystwo Ubezpieczen PBK; Sluzewiec; ZPW Truskawica
After acquiring the insurance arm of PBK Bank, TU PBK, in December 2000,
domestic insurer Ergo Hestia will lay off 90 employees from TU PBK's
headquarters. Separately, Ergo Hestia group is finalizing a deal regarding
the take over of a 51% stake in Grupa Patria Investment, which includes
insurer Konzeption. (Puls Biznesu, p.6, Rzeczpospolita, B5) ... Chairman of
Sluzewiec horse racing track Marek Przybylowicz yesterday withdrew a
bankruptcy petition after the Treasury Ministry said that Totalizator
Sportowy, the 100% owner of Sluzewiec, should pay indemnification to the
horse track. (Rzeczpospolita, B3) ... Irish CRH submitted to the Treasury
Ministry its offer to buy shares of limestone producer ZPW Truskawica.
Analysts say some conditions of the proposal could prove less advantageous
for the state than the previous purchase offer made by Belgium's Carmeuse,
which was ultimately rejected by the ministry. Last year ZPW Truskawica had
revenues of zl.156.6 million. (Rzeczpospolita, p.B4) M.T.
