In Brief: ZG Polmos to V&S; TPSA buys PTK bonds; Link 4; BRE; PHS; LG

The Treasury Minister has granted permission for the sale of spirits producer Polmos Zielona Gora to V&S. The Swedish concern defeated a competing offer from a company set up by the local alcohol wholesalers, Polish Alcohol Consortium. (Gazeta Wyborcza, Nov. 30 - Dec. 1, p. 27) ... TPSA has purchased 145 six year bonds for over zl. 100 million issued by its subsidiary PTK Centertel. (Rzeczpospolita, Nov. 30 - Dec. 1, p. B2) ... Link 4, a company with a Dutch-Israeli capital, has been granted license for the sale of property insurance. The firm intends to offer policies via the Internet and so avoid the services of insurance intermediaries. (Rzeczpospolita, Nov. 30 - Dec. 1, p. B5) ... Warsaw based Computerland is ready to pay over zl. 40 million for a 75% stake in Poznan-based Emax. The chances for the transaction on these terms to be successful are said to be slim. (Puls Biznesu, p. 7) ... BRE Bank brokerage made the best prediction for the Warsaw bourse's leading stocks WIG 20 index at the end of November, a monthly Reuters poll showed on Friday. BRE Bank analysts predicted the WIG 20 index at 1,225 points against the session closing level of 1,219 (Reuters) ... On Saturday, Polish Steel Mills formally came into existence. It will control over 70% of the nation's overall steel production. (Rzeczpospolita, p. B1) ... May 2003 is the date set for the formal fusion of Nordea Bank Polska and LG Petro Bank. However due to emerging problems the actual process of integration might take much longer (Puls Biznesu, p. 9) A.Z.