In Brief: TPSA; Netia, Energis and Tel-Energo; Impel; Ultra Pack; PGNiG

The government yesterday discussed the State Treasury's decision to sell a 15% stake in telecom monopoly TPSA. However details of the discussion were not revealed. (Puls Biznesu, p. 11)... Polish Oil and Gas (PGNiG) is c urrently holding negotiations for credit of EUR 500 million. The company plans to use these funds for the purchase of its eurobonds. The current value of bonds issued by PGNiG amounts to EUR678.7 million. (Puls Biznesu, p. 8) A.K. ... Netia and Energis have failed to submit binding offers for a stake in Tel-Energo Holding. The deadline was today. However due to changes within the top management, the closing date was postponed by two weeks. (Parkiet, pages. 3,)... Impel, the cleaning and security company has a nnounced it has sold all shares offered in last week's IPO, raising money for market expansion. The issue was worth zł. 156 million, with 5.5 million shares at zł. 26 per share. ... Ultra Pack, the packaging and cardboard producer, hopes to obtain 8% of domestic market share by 2004. Company representatives also plan to sell Ultra Pack shares in a public offer on the Warsaw Stock Exchange some time in the future. (Parkiet, p 4, 5) A.K.