Onet Group close to clinching a deal to sell Pascal

Pascal's president, Paweł Kosmala, refused to say what sum the company is being sold for, but Parkiet placed the figure at around zł.18 million. Although there has been no final transaction, the Onet Group transferred Pascal to a new entity called GO, established to conduct the Pascal sale prior to Onet's debut on bourse. GO is in advanced talks with sector investors, but declared it is still ready to talk to any other interested party. Parkiet speculates that among the bidders for Pascal may be the German publisher Langensheidt, as well as other sector companies like Wiedza i Życie, National Geographic or Świat Książki. In 2004 Pascal recorded revenues of zł.20.36 million, which was 8% down on 2003. The company enjoys a market share of 51%. (Parkiet p. 3) M.G.