In Brief: WSiP sale delay; Cefarm privatization talks; AIG Bank lending
The deadline for the privatization of publisher Wydawnictwo Szkolne i
Pedagogiczne (WSiP), which controls around 33% of the market for school and
pedagogical books, has passed without the Treasury receiving the payment
due. A consortium of Polskie Towarzystwo Edukacyjne and Nasza Ksiegarnia had
agreed to pay zl.335 million for an 85% stake in WSiP by the end of January.
(Gazeta Wyborcza, p. 25) ... The State Treasury, which wants to sell 10% of
pharmaceuticals company Cefarm, will begin talks this week with the two
companies, Orfe and Farmacol, that have been granted exclusive rights to
negotiate the sale. The negotiations will concern the price of the stake and
future investment plans. (Puls Biznesu, p. 7) ... AIG Bank Polska has
announced plans to increase the value of its lending by 30% in 2002. Last
year the company recorded a 16% increase, which was much smaller than
anticipated because of the poor economic situation. (Rzeczpospolita, p. B1)
A.K.
