Carey Agri 2005 strategy envisages increasing revenues by USD 100 million

The concern is also planning its Polish IPO, but final decisions will be made in January 2005. First of all, Carey Agri wants to buy Polmos Białystok and the value of its Polish IPO will depend on the pricing of that company. It is unofficially estimated that Polmos Białystok, the biggest national vodka producer, is worth zł.600-700 million. The Finance Ministry plans to sell 20-30% of Polmos Białystok's stock on the bourse and 51% to a strategic investor. Buying Polmos is not going to be Carey Agri's only acquisition. The group currently encompasses 14 alcohol distributors but plans to become the owner of a few more, "We plan that next year we will expand the group by three or four companies, which will bring us additional revenues of USD 100 million," said the company's president William V. Carey. (Puls Biznesu, p. 7) D.W.