In Brief: TVN's IPO; Maspex; Tesco; Donbas to buy Pekaes shares?

Jan Wejchert, the president of the ITI group confirmed the planned IPO of TVN around October. TVN, the second largest commercial TV station, is estimated to collect $ 100-150 million from the floor. (Gazeta Wyborcza, p. 29) ... Maspex, a leading food sector company and owner of Tymbark and Lubella brands, has invested zł.60 million in new technology to launch production of fruit juices in PET bottles. The investment has been co-funded from the EU Sapard Fund and is to boost Tymbark sales at least by several percent. The minimum plan of the Mapex group is to post sales of zł.1.5 billion at the end of 2004. (Puls Biznesu, p. 5) ... Tesco, the British hypermarket operator, is building zł.100 million fresh food warehouse in Teresin near Warsaw to be opened in 2005. Tesco already plans further investments in this country and wants to open two distribution centers in 2005-06. (Puls Biznesu, p. 7) .. An interesting competition to take control over transport comapny Pekaes shares has started between Ukrainian Donbas and French Norbert Dentressangle. Pekaes is, however, more willing to offer the share issue of 7-12 million shares to Donbas. (Puls Biznesu, p. 4) K.J.