Merger to create largest Polish meat processor confirmed

At the general shareholders meeting ZM Jaroslaw, Farm Food, and Sokolow confirmed their previous decision to merge. The share exchange ratio for each company was accepted. It has also been agreed that Sokolow will issue about 52.3 million additional shares for the shareholders of Zaklady Miesne Miestar and Jaroslaw which are to be merged with Farm Food. The merged meat company will be the biggest such group in Poland and will process more than 1,000 tonnes of meat a day. All the plants taking part in this merger are eligible to export meat to the European Union (EU) and U.S. "This month we will apply to the Securities and Stock Exchange Commission (KPWiG). The listing of the new joined shares is possible in September-October 2000," says Janusz Jastrzebski, a member of the Sokolow management. (Rzeczpospolita, page B4) E.B.