Agora set to challenge competitors in AMS takeover bid
Polish media giant Agora, French advertising firm JC Decaux and an unnamed
financial investor are the three bidders left in the running for a strategic
stake in Poland's largest outdoor advertising company Art Marketing
Syndicate (AMS), unofficial sources claim. Negotiations with investors are
scheduled to end in 10 days, and right now the most serious candidate
appears to be Gazeta Wyborcza publisher Agora. Both Agora and JC Decaux
sought to take control of AMS a year ago, but failed. However, now Agora is
said to be offering the same price as last year, namely zl.70 per share,
which this time around could prove to be good enough. (Puls Biznesu, p. 3)
T.J.