CEDC won't withdraw PB from Warsaw bourse despite stock-price spill

The shares have fallen by over 10% to zł.71.60. CEDC president William Carey refused to reveal whether the company will create reserves if when the acquisition is finalized, the price of PB continues to be low. "Strategic controlling stake is usually priced with a premium in relation to minority stakes. Moreover, we believe that due to the synergy of CEDC, Bols Polska and Polmos Białystok, we will be able to use the potential of the latter company's products much more effectively," stated Carey. He added that currently CEDC has no plans concerning the withdrawal of PB from the WSE. "The examples from the market [Ivax and Polfa Kutno] prove that there is a possibility of withdrawing a company from the bourse and offering the shares of majority stakeholder in exchange. CEDC is not considering taking such action now," declared Carey. (Parkiet, p. 3) E.B.