PZU CEO sacked; Pamapol IPO; PHF still waiting; Orlen's shares

According to Parkiet, he will probably be replaced by a former finance deputy minister Cezary Mech. (Gazeta Wyborcza, June 3-4, p. 28)... Pamapol, the largest Polish producer of ready-to-eat dishes, has launched a public issue of its shares. The company wants to sell 6million shares zł.11 each. The bookbuilding will last until June 7, while allocation of shares will have been completed by June 21. (Parkiet, p. 3) ... Polish Pharmaceutical Holding (PHF) could save millions and enter the bourse, but the government is taking too much time to take a decision with regard to the future of the concern. PHF has no control over its subsidiaries, Polfa Warszawa, Polfa Pabianice and Polfa Tarchomin and this means it is losing out on the growing market. (Parkiet, p. 4) ... After PKN Orlen bought Lithuanian refinery Możejki, analysts advise investors to purchase of the company's shares. They believe Orlen's shares will rise by at least 25%. (Parkiet, p. 7).