Cefarm privatization will not be short of offers

The Ministry is seeking an advisor who would carry out all necessary pre-privatization analysis and prepare the sale of shares in the state controlled drug wholesaler. The closing date for offers is January 25, the same month when a new president of the company will be appointed. According to unofficial sources, 20 offers have already been submitted to the Ministry. CF Cefarm is the second but last state owned pharmaceutical wholesaler together with Cefarm Białystok. The first attempt to privatize the Warsaw-based company was back in 1999 when exclusive negotiation rights were granted to Cormay, but the tender was annulled. This was not such a bad move as soon afterwards Cormay went bankrupt. (Puls Biznesu, p. 3) A.K.