Mlekovita looks to branch out in the edible oils sector via ZPT takeover

Mlekovita, a domestic dairy giant, is looking to join the bidding for ZPT, a Warsaw-based margarine and cooking oil producer. Olvit Pro, another company from the edible oils sector, owned by pharmaceutical magnate Jerzy Starak, was granted exclusive negotiation rights to acquire ZPT, but failed to reach an agreement with trade unions in the company. Mlekovita itself is not on the privatization shortlist for ZPT, but it could join forces with MarVita, an employee-owned company, which was in the running for ZPT. A 70% stake in ZPT is up for grabs, worth at least zł.54 million, as the company last year earned zł.4 million on revenues exceeding zł.350 million. Mlekovita recorded revenues of zł.1.3 billion last year. (Puls Biznesu, p. 4) T.J.