No buyer forces closure of Browary Zachodnie Lubusz

Browary Zachodnie Lubusz (BZL) will close after two failed attempts to sell it. By the end of the month the plan to sell the brewery will be drafted, said Jan Rubaszewski, BZL's receiver. Because there was lack of interest from the investors, the brewery's assets will be sold in parts. The procedure is to be finished by the end of April, Rubaszewski said. BZL went into receivership in 1999 after debts mounted to an estimated zl. 18 million. The brewery's assets are estimated at zl. 6 million. So far the receiver has managed to sell assets worth zl. 1.5 million. Severance packages for the 105 employees will cost zl. 870,000 said Rubaszewski. (Puls Biznesu, page 5)