Allied Domecq shows interest in Polmos Bialystok
British alcohol concern Allied Domecq is believed to be ready to submit a
bid for Polmos Bialystok. According to anonymous sources quoted by the Puls
Biznesu daily, Allied Domecq filed its bid with the Treasury after the
initial deadline had passed, asking for the tender to be relaunched, a
request that the Treasury apparently agreed to. On June 12, the Treasury
rejected offers made by the Bols company and the Eckes and Vin & Sprit
consortium, allegedly because they failed to meet its valuation of Polmos
Bialystok. The distillery is believed to be worth some zl.600 million.
Possible strategic partners have been put off Polmos Bialystok in view of
complications expected to arise from its negotiations with Pernod Ricard
regarding the use of the French company's overseas distribution channels.
(Puls Biznesu, p. 3) P.J.