Sobieski puts bourse launch on ice and focuses on US market launch instead

The company decided to suspend plans to float its shares on the Warsaw bourse. "We do not see such a need currently. We intended to enter the bourse in order to raise funds for the purchase of Polmos Białystok. The acquisition did not work out so we have suspended our bourse-related plans," stated Sobieski deputy president Waldemar Rudnik. Nevertheless, the company may take part in the privatization of the remaining vodka producers which are much smaller that Polmos Biaystok and thus should be much cheaper. Rudnik declared that the final decision on the purchase will depend on the strategy of those companies' privatization. (Puls Bzinesu, pp. 1, 12) E.B.