Pollena Ewa boss building consortium for share purchase

The president of Pollena Ewa is believed to be among a number of parties interested in acquiring the 33% stake in the company put up for sale by main shareholder CDM Pekao. According to Puls Biznesu the brokerage house, which plans to sell its stake in the cosmetics producer within the next two months, is already in talks with four investment funds, whose identity remains unknown. Pollena Ewa president Krzysztof Pawlak, who owns 11.62% of preferential stock, has also declared his interest. "I'm not able on my own to buy such a large stake. So I'm putting together a group that could help me in a deal. I don't want to resign from managing the company. I've been associated with the company for a long time, so I want to have an influence on its future," he said. Pollena Ewa has seen its revenues shrink from zl.74 million in 2000, to zl.54.4 million last year. Recently the company announced a 16% cut in the size of its workforce. (Puls Biznesu, p. 3) M.K.