Altus Towarzystwo Funduszy Inwestycyjnych SA, a Polish asset management company, plans to raise 200 million zloty ($66 million) from an initial public offering to finance domestic acquisitions, expecting the country’s growing savings to boost the mutual-funds industry.
Kulczyk Oil Ventures Inc., the exploration company controlled by Jan Kulczyk, Poland’s richest man, may consider investing in oil deposits in Russia, Chief Executive Officer Tom Elliott told Puls Biznesu.
Workers at KGHM Polska Miedz SA, Poland’s sole copper producer, will begin a work-to-rule today in pursuit of a pay increase, Puls Biznesu reported, citing Jozef Czyczerski, who heads the Solidarity union.
PKN Orlen SA will buy a remaining 49 percent stake in Petrolot sp. z o.o., a gasoline provider for airplanes, from Polskie Linie Lotnicze LOT SA, Puls Biznesu reported, without saying where it got the information.