Alltracel's develops an appetite to take over PHF as a whole

Contrary to initial announcements, the investor is interested in privatizing the whole holding rather than one of its parts – Polfa Tarchomin. The Treasury has stressed that there is no possibility of dissolving the group consisting of three Polfa plants, which have total sales of zł.770 million. "We will not change the program accepted for the holding. Alltracel declared its will to cooperating with PHF, as well as announced its intentions to take part in the ownership structure change scheduled after 2006," said Deputy Treasury Minister Stanisław Speczik. The cooperation would be related to fields such as sales and marketing. The Minister assured that Alltracel has very good contacts in the U.S. and the UK. "We have decided that we will meet in a few weeks time to learn the proposal of Alltracel. Each offer has to be analyzed. Their business profile is not different from ours," said Andrzej Kleszczewski, president of PHF. Alltracel already announced that it would boost exports of Polish plants and would participate in the research on new drugs. (Puls Biznesu, p. 14) M.M.