Wolczanka struggles to find capital to pay WLC Investment's debt to BGZ

Clothes manufacturer Wolczanka will have to pay zl. 20.6 million to BGZ for the debt it underwrote for its business partner WLC Investment. BGZ was the holder of WLC's short-term debt papers and financed the company's unclear investment strategy, including those in Szeptel and Apexim. Wolczanka, which has 10 days to pay the money is in talks with the bank concerning the payment and says the matter could be settled within the next few days. It is known that Wolczanka and BGZ had reached an agreement earlier, under which Wolczanka would issue bonds that would go to BGZ and which would give the company more time to secure the sum demanded. (Parkiet, March, 8-10 p. 4) J.K.