Muza gets exclusivity rights for state publisher WSiP

Publicly listed publisher Muza yesterday obtained exclusive negotiation rights to acquire shares in Wydawnictwa Szkolne i Pedagogiczne (WSiP), the largest educational book publisher in Poland. "The offer submitted by this company was the best. It is the only bidder which offered to introduce the publisher onto the Warsaw Stock Exchange," said Treasury Minister Wieslaw Kaczmarek. The exclusivity for negotiations will last for four months from the day the Treasury delivers the notice to Muza. The Ministry initially wanted to offer a stake of 35% on the WSE, and the idea was supported by Jan Ruranski, the head of WSiP. The debut on the bourse was set for the beginning of next year. An offer for the shares was also submitted by Agora. According to Puls Biznesu, Muza is able to pay a minimum of zl. 290 million for the shares. (Puls Biznesu, p. 6) A.K.