In Brief: Toyota to invest in Poland again?; FSO; PZU share sale blocked; LPP
Analysts speculate it might be Poland, taking into account that the concern has already spent $180 million on a company distributing cars and engines, a gear manufacturer in Wałbrzych and a diesel engine plant currently being constructed in Jelcz-Ząbkowice. In 2001 Poland lost a race to the Czech Republic over Toyota's investment in a car assembling plant. (Puls Biznesu, p. 6) ... According to Rzeczpospolita, Ukrainian car producer AwtoZAZ is the most probably candidate to take over FSO. The acquisition is supported by creditor banks and the final decision over the deal is in the hands of the government (Rzeczpospolita,. p. B1) ... The Pension Fund and Insurance Supervisory Commission (KNUiFE) has upheld its earlier decision to block the purchase of additional PZU shares by Dutch Vereniging Achmea through Eureko. This would allow the investor to exceed 50% of capital in the insurer. (Puls Biznesu, p. 7) ... LPP, a publicly listed clothes manufacturer and owner of the Reserved and Cropp Town brands, has recorded consolidated revenues of zł.43 million in August which is a 40% rise year-on-year. In H1 the company recorded a net profit of over zł.9 million. (Puls Biznesu, p. 9) A.K.