Shareholders meet to discuss formation of Polski Cukier

Shareholders meetings were held Friday at sugar mills throughout the nation in preparation of the creation of Polski Cukier. Although it's unknown exactly how many companies will join in to form the sugar monopoly, according to Prawo i Gospodarka the number now hovers around 21. Originally 49 companies were in contention to become part of Polski Cukier. The Interior Ministry recently approved the sale of five sugar mills of the Kalisko-Koninska group to German concern Pfeifer und Langen. A potential stumbling block in the formation of Polski Cukier is an attempt by the German concern Nordzucker to exclude several sugar mills from entering into the monopoly. According to Nordzucker, it has claims to the sugar mills in Gryfice, Kluczewo, Malbork, Nowy Staw and Pruszcz Gdanski. In a similar complaint brought by the French concern Saint Louis Sucre, a Warsaw court froze the shares of 16 sugar mills. This temporarily blocked them from becoming part of Polski Cukier. (Rzeczpospolita, Aug. 25-26, p. B2; Prawo i Gospodarka, Aug. 25-26 p. 3) P.W.