Szczecin Shipyard is slowly getting back to work

BIG-Bank Gdanski took over shares in Porta Petrol, one of the companies of Porta Holding, the group which owns the Szczecin Shipyard. As yet it is not known how many shares they received, as these were being used as collateral by the bank, and therefore is a bank secret. Porta Holding's fuel base, we nt to the leasing company Prolim, in which the bank owns a 25% stake. "Prol im participated in our project for the restructuring of Porta Petrol. The t ransaction concerned converting credit into leasing. This was realized by P rolim, but financed by BIG-Bank Gdanski," Wojciech Kaczorowski, the bank's spokesman told Puls Biznesu. Another Porta Holding's company, Allround Ship Services, managing the construction of ships, will be bought for a symbolic price by the Industrial Development Agency today. Meanwhile, another shipya rd creditor, Pekao SA declared they would cover the costs of four ships und er construction and financed by the bank, even if the shipyard needed furth er credits to complete construction. There is also unconfirmed news that an offer has been put forward by an Italian company, Intertrad Shipping Company to the Economy Ministry, who wanted to purchase two ships for $66 million a nd to order another thirty. (Puls Biznesu, pp. 1, 3, 9) A.D.