Treasury narrows list in TPSA advisory before Fri.

The four moving into the second stage of the tender are: Credit Suisse First Boston and Deutsche Morgan Grenfell; Union Bank of Switzerland (UBS), Goldman Sachs and Wielkopolski Bank Kredytowy (WBK); Schroders and Powszechny Bank Kredytowy (PBK); and HSBC, Lehman Brothers and Polski Bank Rozwoju (PBR). Members from two of the consortia are involved in advising on telecom privatizations outside of Poland. Deutsche Morgan Grenfell is advising the Bulgarian government on the sale of its telecom monopolist, while UBS is doing the same for the Lithuanian government and Goldman Sachs is advising in the Romanian operator's sell-off. Goldman Sachs and UBS are advising in the privatization of the Turkish operator. (Rzeczpospolita, page 11)