PBR plans profit in 1998, share issue in 1999

Next year, PBR also wants to issue shares worth zl. 90 million, with part of the issue to be purchased by Germany's Bayerische Landesbank, in order for it to acquire the desired 51% stake in PBR, said president Mieczyslaw Groszek on Friday. Groszek added that Powszechny Bank Kredytowy (PBK) might sell its 32.9% stake in PBR to Bayerische. (Rzeczpospolita, Jan. 17-18, page 23, Reuters)