MAC believes its offer for WSiP will prevail over Muza
MAC Edukacja, the second biggest publisher of educational books, is trying
to take over smaller competitors in a bid to consolidate the market. At
present it has its sights set on Wydawnictwa Szkolne i Pedagogiczne (WSiP),
the market leader which is being privatized. "It has been a year since we
started talks on consolidation. Unfortunately, the companies are mostly
family businesses and they do not like the idea of consolidation," said
Andrzej Cyranski, one of three co-owners of MAC Edukacja. The company has
offered to buy an 85% stake in WSiP. "Muza estimated WSiP to be worth zl.
290 million, which means that our proposal is definitely better. Still,
everything now depends on the Ministry," said Cyranski. Until the middle of
December, Muza has sole negotiating rights over the purchase. It had even
been alleged to be the winner before the tender was announced. Another
competitor for the tender is Agora. Last year MAC's net income amounted to
zl. 7.5 million and it is estimated that it will be similar this year. (Puls
Biznesu, p. 6) K.Z.