East Spring International pays zl.38.8 million for spa

Dutch company East Spring International (ESI), part of the Nestle group, has agreed a deal with the Treasury to buy an 85% stake in a popular health resort and mineral water spring. ESI will pay zl.38.8 million for the stake in Uzdrowiska Naleczow S.A., owner of the country's second-largest bottled water brand, Naleczowianka. Under the deal announced yesterday, ESI is to invest a further zl.30 million in Uzdrowiska Naleczow, and it will also increase the company's assets by zl.8 million. ESI has given its new acquisition's 440 workers a three-year employment guarantee. Last year Uzdrowiska Naleczow earned net profits of zl.300,000, generated from sales income of almost zl.19 million. (Gazeta Wyborcza, p. 18) K.K.