German Holsten Brauerei pays zl. 42 for share of Brok
German Holsten Brauerei has called a public bid for shares of brewery
Koszalinskie Zaklady Piwowarskie Brok. The German company plans to pay zl.
42 for shares of Brok which yesterday were valued at zl. 38.5. "The price
proposed by the Germans is attractive as the average yearly price of Brok
shares is zl. 25," said one Stock Exchange analyst. If Holsten succeeds it
will acquire 19.2% of Brok, giving it 100% of shares of the Polish
partnership. For the first four months of 2000 Brok sold 23% more beer than
during the same period last year. However, due to increasing costs, the
financial results of the company showed a loss on every level. (Puls
Biznesu, page 8) M.M.