In Brief: WRE and Stoen; Mostostal Export contract; Bank Przemyslowy
German energy concern RWE has received exclusive negotiating rights to buy
Warsaw's energy provider Stoen from the Treasury Ministry. According to an
unofficial sources it is understood that they will offer zl. 1.6 billion for
the 85% stake. RWE have three weeks, (to September 30), to negotiate the
price. (Puls Biznesu, pp. 1, 3) ... Construction company Mostostal Export
has signed a contract to construct several buildings in Moscow worth $150
million. The projects should be completed by the end of 2005. Mostostal will
act as the main contractor. (Parkiet, p. 5) ... Lodz-based Bank Przemyslowy
(BP), which is suffering from financial troubles, has finally found an
investor. Czech Union Group promised the Bank Supervisory Commission that it
will invest zl. 15 million in BP by the end of September, and an additional
zl. 20 million in December. (Puls Biznesu, p. 8) A.D.