Privatization of Polish Pharmaceutical Holding

"In the first phase we will direct our offer at financial investors. If the need arises to increase the company's share capital, we will carry out a new share issue. The state will retain no less than a 70 percent stake in PHF," said Socha. The following phases of privatization would entail selling shares to different groups of investors, but an advisor would decide upon the final details of the project. "Privatization of the whole holding will be more beneficial than selling the Polfas separately, but it is too early to assess the value," Socha said. Initially, the holding will have the structure of a financial group, while the Polfas will retain their legal identities. "The moment the holding is privatized, it should have a clear and efficient operating structure," he stressed.
(Poland A.M., September 16)