U.S. firm reportedly possible WSK Gorzyce investor

U.S. automotive parts maker Federal Mogul is reported to have been chosen by the Treasury Ministry for exclusive negotiations to acquire a stake in WSK Gorzyce, which operates in the same sector. The Treasury is looking to sell at least 10% of shares in WSK Gorzyce, with the negotiations slated to end by March 10. International consulting group Corporate Development International, which is advising Federal Mogul on the deal, says that the transaction should be completed within two to three months. "We are primarily counting on the new investor to help us gain access to new markets, while a cash injection is a secondary issue," said WSK Gorzyce president Jan Buczek. In 1999 the company had revenues of zl.210 million and is expecting a similar result for the year 2000, while last year's net profit could be lower than the 1999 figure of zl.9 million. (Puls Biznesu, p.3) T.J.