Ciech battles to become No.2 European soda producer

The company already controls two soda plants in Poland and is Europe's third largest manufacturer after Solvay ad Brunner Mond. A potential acquisition of a third plant, in the shape of a Romanian company would place Ciech on the second spot in Europe. However, it has been revealed that in the battle for the take over it has to face a serious Indian competitor, whose name was not disclosed. According to unofficial information the Indian competitor placed a offer twice as high as Ciech's bid. "Negotiations are still in progress, there is already a shortlist of investors, but we still have not submitted a binding offer. Rumors that the Indian company has beaten our offer are too early and are related to negative PR activities," said Ciech spokesperson, Marek Klat. (Puls Biznesu, pp. 1, 12) A.K.