Lithuanian Sanitas is front-runner for Jelfa shares

Among the four companies shortlisted, three placed their bids - Enterprise Investors fund, Latvian Grindeks and Lithuanian Sanitas. According to unofficial information, the best offer was submitted by Sanitas, which offered zł.87 per share, and the company was invited to continue negotiations. EI offered zł.77-75 per share, while Grindeks offered zł.73. The fourth shortlisted entity, Adamed, did not place its bid, but applied for a repitition of the sales procedure. "Due to the fact that there was a change of rules during the privatization process, its shape can be effectively questioned. As a result we turned to the Industrial Development Agency (ARP) with a motion to start the procedure again keeping to clear rules," said Maciej Adamkiewicz, president of Adamed. (Parkiet, p. 1) M.M.