In Brief: Tychy privatization; Warta sale; Delphi layoffs; DEC sold; Den Danske

The Treasury Ministry is to invite bids for shares in power plant Elektrocieplowni Tychy. Before the privatization can take place, Tychy is to call bids for an installer of equipment for producing power using bio-mass fuel, a new concept in Poland. (Puls Biznesu, page 4) ... Insurers AIG and AXA are the remaining firms on the shortlist for bidders for 25% shares in Poland's second largest insurer Warta. Fortis and Allianz have fallen out of the race which is expected to be finalized by the end of the year. (Puls Biznesu, page 1) ... As part of worldwide restructuring, Delphi Automotive Systems is to layoff 300 workers, mostly white-collar staff, from Krosno and Ostrow Wielkopolski plants in Poland. (Rzeczpospolita, page B2) ... Oil holding firm Nafta Polska is to sign a deal with GATX Rail Overseas Holding Corporation for the sale of 100% shares in oil storage tanks authority Dyrekcja Eksploitacji Cystern (DEC), the daily Rzeczpospolita has learned. The value of the transaction is estimated at zl. 400 million and GATX has pledged to invest another zl. 300 million. (Rzeczpospolita, page B2) ... As of June, Den Danske Bank has held 92% voting rights in Polsko-Kanadyski Bank sw. Stanislawa and is therefore expected to dominate the new board to be selected today. (Rzeczpospolita, page B3) S.M.