Employees seeking go-ahead for Instytut Farmaceutyczny takeover bid

The 230 employees of research company Instytut Farmaceutyczny (IF) are launching a bid to take control of the company. The IF management is hoping that this week the Treasury will submit to the Cabinet Economic Committee (KERM) a recommendation that their privatization bid be accepted. Their plan has already been approved by the Economy Ministry and the Scientific Research Committee (KBN). Wieslaw Szelejewski, a director of IF, says, "We are not looking for a new investor. We're too big to be taken over by one of the domestic drug producers." The turnover of IF is expected to reach zl.25 million this year. (Puls Biznesu, p. 8) P.W.