In Brief: Privatization revenue; Gerber to sell Frugo; DKC to sell Mieszko
The State Treasury recorded zl. 309 million in income from privatization
revenues in the first two months of this year. It expects to earn a total of
zl. 6.6 billion from these operations by the end of 2002. (Prawo i
Gospodarka, p. 1) ... Alima Gerber, the Polish subsidiary of multinational
concern Novartis, has not yet officially announced plans to sell its Frugo
brand of fruit juices, but due to the company's worldwide strategy to get
rid of all production other than that of baby food and pharmaceuticals,
potential buyers are already queuing up. One of the interested companies is
Maspex, owner of the Kubus, Tymbark and Multivita brands. (Puls Biznesu, p.
9) ... Dresdner Kleinwort Capital (DKC) plans to announce the sale of 100%
of its shares of Mieszko, a leading producer in the sweets industry, for zl.
9 per share. The money earned will be used for decreasing debt and covering
capital investments in the Czech Republic, Romania and Hungary.
(Rzeczpospolita, p. B4) A.K.
