In Brief: Belvedere and FWG; DGA consulting; Steel sector employment
Belvedere Dystrybucja, which is owned by French alcohol company Belvedere,
has purchased a 70% stake in vodka manufacturer Fabryka Wodek Gdanskich
(FWG) from Starogard Gdanski. Under the privatization deal, the firm will
pay zl. 31.85 million for the stake, and by the end of 2003 the investor
will increase their stake in FWG to 79.9%. (Puls Biznesu, p. 10) ...
Poznan-based consulting firm DGA has won the tender for consultancy in the
sale of tobacco producer Zaklady Tytoniowe w Lublinie (ZTL). The Treasury
Ministry intends to sell a 59% stake of the Lublin producer. ZTL is the
seventh largest tobacco producer in Poland. (Puls Biznesu, p. 11) ... In
2001 around 8,600 workers left the Polish iron and steel sector. Iron and
steel mills employ around 30,900 workers currently, meaning that employment
in the sector has fallen by over 25%. (Prawo i Gospodarka, p. 5) A.Z.