Bidding for the bison brand
The selection of the American drinks giant follows a concerted campaign of opposition from employees and managers at the famous vodka distiller to earlier talks between the Treasury Ministry and France's Belvedere.
"The Treasury Minister has granted CEDC exclusivity in negotiations to buy a stake in Polmos Białystok for the period of June 22 through July 1," the company announced in a statement. Białystok produces the famous Żubrówka-brand vodka flavored with bison grass that is likely to garner further export success in America and Europe.
Polmos employees had protested against the selection of Belvedere, saying the French company's local unit Sobieski Dystrybucja planned to use Białystok simply as a bottling plant rather than developing its brand portfolio.
Earlier, the Treasury said that it planned to gain at least zł.1 billion from the privatization of Polmos Białystok, including around zł.300 million already received from the company's initial public offering in April. The talks are being held over a 61-percent stake in Białystok. (Reuters)
"The Treasury Minister has granted CEDC exclusivity in negotiations to buy a stake in Polmos Białystok for the period of June 22 through July 1," the company announced in a statement. Białystok produces the famous Żubrówka-brand vodka flavored with bison grass that is likely to garner further export success in America and Europe.
Polmos employees had protested against the selection of Belvedere, saying the French company's local unit Sobieski Dystrybucja planned to use Białystok simply as a bottling plant rather than developing its brand portfolio.
Earlier, the Treasury said that it planned to gain at least zł.1 billion from the privatization of Polmos Białystok, including around zł.300 million already received from the company's initial public offering in April. The talks are being held over a 61-percent stake in Białystok. (Reuters)
