Privatization of Polfa Grodzisk Mazowiecka likely to draw plenty of attention

Of the three state-owned Polfa pharmaceutical companies, the first to be privatized is likely to be Polfa Grodzisk Mazowiecka. According to the company's senior executive Elzbieta Zylkowska, the firm should be fully privatized by the end of the year. Under the deal signed between the Treasury Ministry and the management, the latter have the authority to draw a restructuring concept that would be implemented as soon as the former approves it. The privatization of Polfa Grodzisk Mazowiecka is likely to attract a lot of interest as the firm spent about zl. 80 million to install a new production line of the highest standard. The privatization of Polfa Pabianice is likely to come next. According to unofficial sources a number of bidders, among them Schwarzpharma, have filed to the Treasury to takeover Polfa Pabianice. (Prawo i Gospodarka, page 2) S.M.