Legendary Krakow restaurant Wierzynek privatized in zl. 29 million bid

Krakow's historic restaurant Wierzynek, the last of the city's state-owned restaurants, was finally privatized. Elzbieta Filipiak, co-owner of ComArch, and Jerzy Mazgaj, head of the board of KrakChemia (both firms listed on the Warsaw Stock Exchange), purchased 79.9% stake worth zl.29 million, with the Wierzynek staff obtaining 15% and the state keeping the "golden share" and 5% which will be used as privatization reserves. Filipiak and Mazgaj announced they will invest zl.3.5 million over three years, grant the employees raises, and guarantee them 27 months of employment. The Wierzynek restaurant includes a complex of two historic townhouses and three linked annexes on Krakow's main square. (Rzeczpospolita, p.A1) P.J.