In brief: TPSA rate hikes; Exbud ditches Budimex; CLIF plans share issue

However the cost of calling at off-peak hours, between 10 p.m. and 8 a.m., will be lowered by 43%. A TPSA spokesperson said the changes were an attempt to bring the company in line with the billing criteria used by most countries in the European Union (EU). (Prawo i Gospodarka, page 1, 9) ... The building firm Exbud S.A. has sold off its 3.5% share in its rival Budimex S.A. to Templeton Direct Advisors. The two constructors had earlier expressed a desire to merge, but after the deal failed to materialize, Exbud saw no sense in controlling any stakes in Budimex. (Prawo i Gospodarka, page 9) ... Brokerage houses are beginning to conduct a three day book building exercise for the 300,000 serial D shares that the leasing firm CLIF plans to issue on the bourse. (Prawo i Gospodarka, page 9)