Raiffeisen buys RON Leasing for reported zl.27 million

Raiffeisen Bank has agreed to pay troubled CLiF Investment a reported zl.27 million for RON Leasing. The price is zl.1 million more then CLiF recently paid the State Agency for the Rehabilitation of the Disabled (PFON) for RON. PFON president Waldemar Fluegel is facing accusation that he sold the company too cheaply, and CLiF is said to have decided to get rid of RON and thus disassociate itself from such accusations. An anonymous insider is quoted by Puls Biznesu as hinting that CLiF may, in fact, only have been acting as an intermediary. In other developments, CLiF is attempting to persuade its creditors, which include Kredyt Bank and Polski Kredyt Bank, to accept the idea of converting its debts into shares. Representatives of Kredyt Bank declined to comment on the plan. (Puls Biznesu, p. 4) M.K.