CEDC bid raises the stakes for Polmos Białystok

The reason for this is the fact that its former competitor and a participant in the tender for the acquisition of the owner of Absolwent and Żubrówka brands, Central European Distribution Corporation (CEDC) has signed a letter of intent for the purchase of Bols, which controls 12% of the national spirit market. The value of the transaction might reach $265 million, meaning that the American company has paid $22 million for each 1% of the sector. This transaction will have a significant effect on the tender to acquire Polmos Białystok. If CEDC decides to pay a similar price for the domestic producer, than the price of the company might grow to as much as zł.1.5 billion. DM Penetrator, which is introducing the Białystok-based corporation on the bourse, has estimated the value of the company's capital at zł.886.6 million. Meanwhile another participant in the tender, Sobieski Dystrybucja, announced it is ready to sell part of its assets in order to successfully acquire Polmos Białystok. (Puls Biznesu, pp. 1, 4) A.K.