Farmacol's zl. 60 million deal with Cefarm distributors

Pharmaceutical company Farmacol plans to spend at least zl. 60 million in take-overs of several Cefarm pharmaceutical distributors and a private drug distributor. The company's major stakeholder Andrzej Olszewski ensured that his company does not yet have to start binding co-operation with a foreign investor. "We can manage the restructuring of the new companies on our own over a period of one and a half years. New take-overs will increase our market share to 15%-20%," said Olszewski. He also said he he is not averse to merging with another domestic company, but "it would mean that one of companies would lose its identity." If the planned take-overs are completed by June 2001, the company will then spend an additional zl. 25 million for constructing warehouses. The first two Cefarm companies in Kielce and Wroclaw should become part of Farmacol in a few months. (Puls Biznesu, pp. 1,5)