KGHM buys majority stake in soccer club

Copper giant KGHM has paid zł. 5 million for a 66.7% stake in Sportowa Spółka Akcyjna Zagłębie Lubin and next week might disclose its plans concerning the company. The Zagłębie Lubin soccer club has been associated for a long time with KGHM, which never actually owned any of its shares, however the concern finally decided to buy from Międzyzakładowy Klub Sportowy Zagłębie Lubin a considerable stake of the sports company. KGHM explained that the investment in the club takes the form of a long-term capital deposit. The management will make an announcement next week concerning how much more it is willing to inv est in this venture. It seems that this year will see the installation of lighting for the stadium in Lubin. KGHM's aim is to maintain the club's first league position. Other listed companies which own soccer clubs include Amica Wronki and Inter Groclin Auto. (Parkiet, p. 3) A.C.