In Brief: Vienna Life; Era GSM WAP; Citibank offer; BRE retail banking
The Finance Ministry has awarded an operating license to insurance company
Vienna Life, a subsidiary of Austrian group Wiener Statische. (Puls Biznesu,
page 8) ... On June 16, Polska Telefonia Cyfrowa (PTC), operator of the Era
GSM mobile telecom network, will begin offering internet access via mobile
phones using the Wireless Application Protocol (WAP). (Puls Biznesu, page 7)
... Citibank yesterday announced a second public tender offer for the shares
of Bank Handlowy, priced at zl. 70 per share, with the intention of
acquiring all Handlowy shares and then merging it with Citibank (Poland).
Citibank currently holds a 66% stake in Handlowy. (Parkiet, page 1, Prawo i
Gospodarka, page 1) ... Bank Rozwoju Eksportu (BRE) plans to create a
retail-banking subsidiary called Multibank and in the near future to float
its shares on the Warsaw Stock Exchange (WSE). (Gazeta Wyborcza, page 27)
T.J.
