In brief: WSiP sale; PKF & Daewoo TU; PKP & Bank Slaski, EBRD loans

Today the consortium of Polskie Towarzystwo Edukacyjne and Nasza Ksiegarnia will sign a contract for the purchase of an 80% stake in publisher Wydawnictwa Szkolne i Pedagogiczne (WSiP). WSiP has a 32% share of the educational books market, and over the past few months has strengthened its position. (Prawo i Gospodarka, p. 2) ... Polish Financial Consortium (PKF) has decided not to purchase a stake in insurance firm Daewoo TU, after it was revealed that a foreign investor was interested in buying into the troubled insurer. According to Daewoo TU administrator Grzegorz Dworak, it will now be possible to present credible sources of financing for the company to the Polish Insurance Supervision Office (PUNU). (Gazeta Wyborcza, p. 29; Puls Biznesu, p. 9) ... Polish State Railways (PKP) intends to take out two major loans, one of zl.300 million from Bank Slaski, and the other of euro 130 million from the European Bank for Reconstruction and Development (EBRD). The money will be used to support PKP's financial restructuring plans. (Puls Biznesu, p. 6) A.Z.