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Poland - Factors to Watch on Oct 12

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Here are news stories, press reports and events to watch, whichmay affect Poland's financial markets on Friday. ALL TIMES GMT(Poland: GMT + 2 hours):

PM'S POLICY SPEECH

Prime Minister Donald Tusk to give a speech in a parliamentstarting at 0700 GMT. For a preview on the PM's speech, click on

POLIMEX

Polish state-run agency ARP wants to buy new shares in thebeleaguered local builder Polimex at up to 0.5 zlotys per share,the company said, offering creditors the chance to convert theiroutstanding debt into shares valued at up to 0.6 zlotys each.

Russian VIS group has filed its offer for a 33-percent stakein Polimex at a higher price than ARP, but the Polish group'sshareholders will not allow a Russian company into Polimex,daily Parkiet quoted unnamed sources as saying.

LOTOS/PKN

Poland's state-owned oil refiner Lotos is lookinginto Finnish Neste's sale of its 106 Polish gasstations, with Lotos' larger local rival PKN Orlen alsonot saying "no," daily Parkiet reported.

PKO

Poland largest bank may issue euro debt, its deputy chiefJakub Papierski told daily Rzeczpospolita in an interview,without going into details over value or timing.

PZU

Poland's No.1 insurer wants to lure local pension funds intojoint investments on the real estate market, daily Puls Biznesuquoted PZU's board member Ryszard Trepczynski as saying.

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