PTE, Nasza win rights for zl.300 million purchase of educational publisher

A consortium made up of education society Polskie Towarzystwo Edukacyjne (PTE) and publisher Nasza Ksiegarnia (NK) has been granted exclusive rights to negotiate the purchase of a controlling stake in educational publisher Wydawnictwa Szkolne i Pedagogiczne (WSiP). According to the Treasury Ministry, the proposed sale, valued at zl.300 million, involves 80% of WSiP shares. WSiP had a net profit last year of zl.22 million and turnover of zl.215 million. It is the biggest publisher of Polish school textbooks, with a 30% market share. (Rzeczpospolita, p. B3, Prawo i Gospodarka, p. 3) P.W.