30% stake in Pollena Ewa for sale by broker CDM Pekao

Brokerage house CDM Pekao is selling its 30% stake in cosmetic producer Pollena Ewa. "'We prepared documentation for interested companies, which includes both sector and financial investors. The details will be presented in January, and then we will make a shortlist," said Pollena Ewa president Krzysztof Pawlak. Previous reports, that the president himself was interested in buying out the shares of the cosmetic producer, have been confirmed by Pawlak who is now looking for financial backing. However, an increasing number of analysts claim that the company most likely to merge with Pollena is its competitor, Lodz-based cosmetic producer Kolastyna. Kolastyna president Halina Blajda was unwilling to comment on the matter. Pollena has recorded losses of zl. 2.89 million on revenues of zl. 31.7 million after three quarters of 2002. (Puls Biznesu, pp. 1, 7) M.M.