Skip to content
Advertisement

Business

CEDC back in the game again after Sobieski ruled out

The company, which is owned by the French Belvedere, was awarded exclusive rights to negotiate the purchase of shares till June 8. Even though the candidate for Polmos' majority investor was not accepted by the company's workforce or management board, it managed to agree on conditions for a purchase agreement with the Treasury Ministry (MSP). However, on Thursday Treasury Minister Jacek Socha announced that it would not be signed. This means that all the other candidates, which had been ruled out as investor in Polmos Białystok, are now back in the game again. This time CEDC will have its chance, as MSP is going to negotiate with the company between June 13 - 17. Socha explained that his decision on Thursday was due to a small difference in the two companies' offers and Polmos Białystok's staff's protests against the sale of the stake to Sobieski Dystrybucja. (Parkiet, June 11-12, p. 4) A.F.

More from Business All