CEDC wins negotiation rights over Polmos Białystok

The company has time until July 1 to close the deal. It is rumored that following last week's amendments to the offer, the American distributor has offered a similar deal to that presented by Sobieski Dystrybucja, which was rejected from the privatization both by staff and management at Polmos. "The price of a share can reach even up to zł.110-115," claims Bogna Sikorska, an analyst with BGŻ. Taking into account such an evaluation, the strategic investor would have to pay between zł.850-890 million for a stake of 61% in Polmos. The final decision of the investor is expected to be made in July. Meanwhile, Sobieski Dystrybucja threatened to take legal action against the state if it does not receive clear information concerning the tender procedures. (Puls Biznesu, p. 7) A.K.