Zasada not expected to be taken over despite being withdrawn from bourse
The president of the recently delisted automobile firm Zasada S.A.
Francziszek Gaika has disclosed that the management is not contemplating the
sale of the firm, but would seek partners to cooperate with. That
partnership is likely to be a merger with Pol-Mot Holding. At the same time
Zasada would continue to seek investors for its truck and bus divisions of
Jelcz and Autosan. According to Gaika, his company failed to make it on the
bourse because of financial problems resulting from among other things, an
improperly organized share issue. The firm's major line of business,
according to Gaika, would be the coordination of sales and service points
for DaimlerChrysler products especially for the Mercedes Benz cars. (Puls
Biznesu, page 8) S.M.