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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.

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