In brief: Polmos sale goes ahead; Kompania Piwowarska; Daewoo-FSO

The sale went ahead yesterday of an 80% stake in Polmos Poznan, producer of the popular Wyborowa vodka, to Pernod Ricard of France. The transaction was worth zl.300 million, zl.100 million less than what had been predicted by most market analysts. The lower figure is the result of a package of employment benefits negotiated for the distillery’s employees. (Puls Biznesu, p. 4) ... According to industry insiders, Poznan brewer Kompania Piwowarska doubled its net turnover in 2000, generating revenues amounting to some zl.320 million. The Puls Biznesu daily is reporting that a large proportion of any profit will be paid out as dividends. The official announcement of the brewery’s financial performance last year will be made at a General Shareholders Meeting later in the month. (Puls Biznesu, p. 11) ... Daewoo-FSO has reached an agreement with Kredyt Bank on unfreezing its accounts, thus allowing it to make redundancy payments to its laid-off workers. Daewoo-FSO financial director Zofia Duran hopes the company will now be able to reach agreement with its other creditors. (Rzeczpospolita, p. B3) M.T.K.