Agora waits for Treasury before announcing WSiP bid
Leading media concern Agora has vowed to try once again to acquire Poland's
biggest educational book publisher Wydawnictwa Szkolne i Pedagogiczne
(WSiP), as the Treasury plans to announce a third attempt to privatize the
company. Treasury Minister Wieslaw Kaczmarek has said he will probably
decide to repeat the tender. But he did not disclose any details, although a
decision is expected within days. "We are waiting for the Treasury
Minister's decision," said WSiP spokesperson Dorota Oleksiak. Agora, which
lost out in a previous attempt by the Treasury to privatize WSiP, has
insisted it remains interested in the company. "We are still interested in
taking part in the privatization of WSiP. We will wait for the Treasury
Minister's decision before announcing our final proposals," said Agora
executive Zbigniew Bak. According to Dawid Wilanowski, an analyst with BPH
PBK, Agora has a good chance of acquiring WSiP, particularly as financing
its bid should present no problem. (Puls Biznesu, p. 5) P.J.