In Brief: TPSA share sale in question; Bank Pekao; Huta Baildon rolling mill
The consolidated net profit of Poland's biggest telecom operator TPSA stood
at zl. 153 million for the first quarter of 2002, which represents a fall of
77% as compared to the same period last year. The Treasury Ministry denied
information published in Puls Biznesu yesterday that they were preparing to
sell 11% of shares in TPSA on the Warsaw Stock Exchange. However, the income
from this sale has already been built into the government's privatization
plans. (Reuters; Puls Biznesu, pp. 1, 11) ... Bank Pekao SA yesterday said
that the bankruptcy of the Szczecin Shipyard would not trouble the bank as
its creditor. Pekao SA declared that it wanted to actively participate in
the restructuring of the enterprise. (Prawo i Gospodarka, p. 4) ... The
management board of Polskie Huty Stali announced it will complete the
construction of a rolling mill in the Huta Baildon steel mill. Last week the
holding signed an agreement with ING Bank-Slaski, under which the bank will
provide zl. 20 million to help complete a zl. 200 million investment.
(Gazeta Wyborcza, p. 16) A.D.
