In Brief: Ventus to buy PZU shares; BRW factory in Ukraine; Ami exports

The Ventus venture capital fund has decided to buy the unquoted shares in the PZU insurance giant and a PVC windows producer, Budvar, using the money from the issue of its bonds. Some 2.5 million bonds will be issued in the first tranch which could raise zl. 237.5 million. The total issue is expected to bring zl. 500 million. The maximum price for a PZU share has been settled at zl. 95. (Puls Biznesu, pp. 1, 3) ... A Bilgoraj based furniture producer, Black Red White (BRW), is building a factory in Ukraine. The project is expected to cost zl. 55 million. BRW plans to start production at the new factory by the end of 2003. (Puls Biznesu, p. 12) ... Ami, a leading poultry (goose) exporter has signed a contract with a Japanese mattress and quilt producer Osaka Nishikawa to increase supplies of goose feathers. Ami annually exports 150 tons of feathers to Germany and Japan, and is one of the main Polish contractors of the Japanese company. The total value of the contract was not revealed. (Puls Biznesu, p. 12) A.D.